Cattle futures opened lower this morning on a weak fundamental outlook and on spillover from the pork complex. The pork news came in the form of Japan lifting it's ban on pork imports. As of this writing, I'm hearing of $75 cash trade and that the showlists have been cleaned up. Beef prices have held their ground and slaughter is coming along as the packers try to move product at current profitable margins. Demand is still the key here and we need to see the consumer pick up the ball and run with it. While fund selling has pressured June fats, it sure does look like a nice spot to start buying. This is NOT a recommendation. Trading involves risk which may not be suitable for everyone.