June Live Cattle futures reached a new contract high close despite the relative strength index sitting in overbought territory at 72%. Market strength was supported by cash cattle, which advanced further this week after posting sharp gains last week. Traders are closely monitoring the cash market for clearer direction as the seasonal peak demand period—grilling season—approaches, prompting packers to secure inventory. Additionally, weekly export sales provided a positive catalyst, coming in at a strong 17,400 metric tons. This represents a 42% increase from the previous week and a 36% jump compared to the four-week average, offering a bright spot for broader market sentiment.