Cattle prices across the board continued to decline last month. Drovers' index of economic indicators for June finds 4 arrows pointing up and 4 pointing lower. The four indicators pointing lower can ultimately be blamed on large cattle on feed numbers which pressured cattle prices and boxed beef prices lower ultimately leading to negative feeder margins. Performance was also down in June. On the up side corn prices continue to drift lower as crop condition was given a boost by recent rains. Also a plus, positive packer margins encourage higher slaughter rates. This bodes well for feedlot marketings and helping feeders get the current glut of cattle through the pipeline as soon as possible. Beef cow numbers continue to decline, earning another up arrow.