The feed grain rally is pressuring the cattle market with triple digit feeder losses and 52 to 70 cent losses in the fats. Limited Thursday cash trade did not move the needle, as USDA still quotes the bulk of Southern trade near $142 and the bulk of Northern trade from $145-$148. The CME’s Feeder Cattle Index was 50 cents higher to $181 flat on 8/24.Â
Wholesale Boxed Beef prices were 19 cents weaker as Select was $1.04 stronger. USDA estimated the week’s cattle slaughter through Thursday at 499k head. That is even with last week but up 33k head from the same week last year. Â
Aug 22 Cattle  are at $141.100, down $0.000,
Oct 22 Cattle  are at $143.100, down $0.550,
Dec 22 Cattle  are at $149.150, down $0.750,
Sep 22 Feeder Cattle  are at $182.375, down $1.875
Oct 22 Feeder Cattle  are at $183.800, down $1.725
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