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Cattle futures are currently trading higher at midday. Feeders are also higher. The COF report comes out this afternoon. The average trade guess for July 1 On Feed is at 98.11% of year ago. Marketings are expected to be about 98%. The CME Feeder index was $2.34 higher at $212.98. Wholesale beef prices are higher again this morning with Choice boxes up $1.74 at $257.30 and Select up $1.80 at $254.64. Cash cattle is trading SHARPLY higher, with cash trades reported at a national weighted average of nearly $163, and dressed sales this week have averaged nearly $257. Week to date slaughter of 458,000 head is off 1,000 from last week, and down 5.5% from last year.