June cattle closed 70 lower on the session Friday but managed to close slightly higher for the week as beef market weakness encouraged additional long liquidation by the close. A sharp break in beef prices as well as increased global economic concerns was widely seen as pressuring the market. A strong recovery in the US stock market helped to provide some support but many in the market remain concerned with the sluggish beef market at a time of the year when retailers are typically seeing a jump in consumer demand for beef. Higher slaughter weights and a sluggish beef market are additional factors which might cause additional weakness during the near-term. While China brought foreword fresh easing policies over the weekend, outside market forces are still seen to be negative early this week, with a stronger Dollar and weaker metal and energy markets expected to put additional pressure on cattle prices. Many traders await this week's cash market activity for direction, with bids at $118.00 to $119.00 and offers at $122.00 to $124.00. Boxed beef cutout values were down 99 cents at mid-session Friday and closed 82 cents lower at $189.10. This was down from $190.29 the prior week, and is the lowest beef market since April 23rd. The estimated cattle slaughter came in at 126,000 head Friday and 16,000 head for Saturday. This brought the total for last week to 639,000 head, up from 623,000 head the previous week but down from 650,000 head a year ago.