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Live cattle futures were mostly down 45 to 80 cents on Monday. Feeders were also lower with most contracts losing between 77.5 and $1.85 on the session. Markets were adjusting to the COF and Cold Storage numbers released on Friday afternoon that showed frozen beef stocks on 8/31 were up 1.5% from a month earlier, and 1.34% from a year ago in the Cold Storage report. USDA had all cattle on feed at 101.5% of a year ago. Placements were 115.1%, and marketings were 117.6% with a noticeable jump from two more kill days in August this year than last. Wholesale beef prices in the Monday afternoon report were higher with choice boxes were up 23 cents and the weighted average select price gained 84 cents. Cash cattle trade last week was limited. The weighted average price for all grades of live steers delivered was $108.13. The weighted average dressed price was $167.15 delivered.
Oct 16 Cattle settled at $106.825, down $0.450,
Dec 16 Cattle settled at $106.125, down $0.725,
Feb 17 Cattle settled at $106.300, down $0.800,
Sep 16 Feeder Cattle settled at $136.050, down $0.775
Oct 16 Feeder Cattle settled at $131.050, down $1.325
Nov 16 Feeder Cattle settled at $127.875, down $1.850