Indicators measuring America’s beef economy declined during June, with declines in key cattle prices and feedyard margins leading the way. Key cattle prices saw decreases of more than 6 percent during June, while production costs continued to rise, feeding margins dropped and the beef market experienced price declines, earning four down arrows for the month. Production indicators earned a sideways arrow, as significant feedlot marketings were offset by increased feedyard placements. Packer margins increased more than 25 percent during June, while competitive meats and inventory watch also earned upwards arrows. Prices and profit margins are likely to find continued pressure through July.