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Live cattle futures are trading 25 to 75 cents lower this morning, after losing $10.62 in the October contract last week, an 8.63% drop. Feeders are 20 to 77 cents lower at midday. October feeders were up $2.42 on Friday, but lost more than $5 last week. Weekly beef production was estimated at 483 million pounds, the highest weekly total since June 28, 2014. The CME Feeder Cattle Index for Oct 1 was down $1.04 to $187.89. Limited Friday cash cattle trade recorded light sales of $117 in Nebraska, and $114 in the WCB. The USDA reports significantly lower wholesale beef prices this morning. Choice boxes are down $1.34 to $204.43, and select boxes are off $2.15 to $199.21.