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Cattle futures are trading $.60 to $1.30 higher and posting some new highs for the day. Cash cattle trade is still inactive. It was down $2-3 late last week after hitting record levels the prior week. Asking prices now appear to be in the $162-164 area this week. Wholesale beef prices were are mixed this morning, with USDA reporting the average for choice carcasses is down $1.53, while select boxes are up 25 cents per hundred.The drop credit is still running $16.49 per hundred. Estimated week to date slaughter was 230K head 1K head smaller than last week, and 12K head smaller than the same day a year ago. The CME Feeder Cattle Index was up 1 cent at $230.05.