June cattle followed other commodity markets lower yesterday due to a risk off mentality during yesterday's session, although a firmer beef market and the current discount of futures to the cash market helped the market recover from early lows. In addition to increased consumer demand concerns, collapsing equity markets and extensive weakness in gold and energy prices were seen as putting heavy pressure on cattle prices. A stronger US Dollar was also felt to be a key negative factor that weakened most economically sensitive commodity markets. The cattle market may face a similar set of negative outside market forces this morning. The showlist is higher this week after slower sales last week but wholesale beef demand could be on the rise ahead of the Memorial Day holiday weekend. Boxed beef cutout values were up 87 cents at mid-session yesterday and closed 34 cents higher at $190.82. This was up from $190.47 the prior week and is the highest price since May 3rd but many traders feel that the market is having some difficulty moving above the $191.00 level. The estimated cattle slaughter came in at 126,000 head yesterday. This brings the total for the week so far to 245,000 head, up from 238,000 head last week at this time but down from 255,000 head a year ago.