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Live cattle futures are down about 25 to 82.5 cents/cwt at midday with the October contract trading at $102.65. Feeders are also showing losses with Sept currently at $134.30, down 87.5 cents, and October 35 cents lower. The CME Feeder cattle Index for 9/27 was $136.68. Average prices for choice beef were up another 17 cents in the morning report, and the select price was 22 cents higher. Cash cattle trade this week has been moderate on light to moderate demand. Reported trade for all grades has a weighted average of $103.40 for live, and $161.10 for dressed. WTD slaughter through Wednesday is running 1,000 head behind last week's pace, but still 6,000 head larger than the same period a year ago. USDA reported US beef export sales for the week ending 9/22 were 13,700 MT. This was 24% above the 4-week average, with South Korea the largest buyer.