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Live cattle futures were down more than two dollars in the front two contracts on Friday and August futures lost $3.20 for the week. Feeders were also sharply lower, ending Friday trade with most contracts showing losses of at least $1.725. September feeders were down 2.81% on the week. Wholesale beef prices were lower on Friday with choice down 88 cents and the select average 58 cents lower at $199.48 and $193.57 respectively. From Friday to Friday, the choice price was down 59 cents and select was only 3 cents lower. Cash cattle trade was light on Friday The last fully reported market was on Wednesday with live sales from $114.50 to $115.50, and dressed sales sold from $181 to $182. USDA estimates WTD cattle slaughter including Saturday is 47,000 head larger than the same week last year, but only 1,000 head larger than the previous week.
Aug 16 Cattle settled at $110.350, down $2.125,
Oct 16 Cattle settled at $106.350, down $2.175,
Dec 16 Cattle settled at $108.100, down $1.850,
Sep 16 Feeder Cattle settled at $139.925, down $1.875
Oct 16 Feeder Cattle settled at $135.950, down $2.150
Nov 16 Feeder Cattle settled at $132.825, down $2.025