Cattle producers also are pondering some broader market considerations, like softening demand and Friday's cattle-on-feed and inventory reports from USDA.
All cattle and calves totaled 103.6 million head, down slightly from year-ago levels. The nation's cowherd was placed at 42.5 million head. That's also slightly below year-ago levels and continues the nine-year trend in herd liquidation.
The July 1 cattle-on-feed report showed the number on feed at 102 percent of year-ago levels, the number placed at 98 percent, and the number marketed at just 93 percent.
Despite an uptick this week, the government reports underscore the belief of many analysts that fed cattle prices will hit seasonal lows through the end of July. Recent false positive BSE tests and slowly diminishing demand should slow the cattle market's attempts at an August recovery.
One positive sign for the beef market was in export sales, with optimism growing for a breakthrough on the Japanese trade ban.