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Live cattle futures were mostly down 20 to 37.5 cents on Thursday. Feeders were mixed with August slightly higher at $146.725 as it tries to converge with the CME Index, last reported at $147.29, down 44 cents. US weekly beef export sales last week were only 8,000 MT, down 45% week/week. Wholesale beef prices were higher on Thursday with select up another 42 cents, and choice boxes averaging 4 cents higher than Wednesday. Cash cattle trade was light on Thursday with some cash sales reported at $113, and dressed sales averaging $179.91. USDA estimates WTD cattle slaughter through Thursday is 1,000 behind last week but 14,000 larger than the same point in 2015.
Aug 16 Cattle settled at $112.475, down $0.250,
Oct 16 Cattle settled at $108.525, down $0.375,
Dec 16 Cattle settled at $109.950, down $0.200,
Aug 16 Feeder Cattle settled at $146.725, up $0.075
Sep 16 Feeder Cattle settled at $141.800, down $1.200
Oct 16 Feeder Cattle settled at $138.100, down $0.975