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Live cattle futures posted solid gains, with August cattle up $2.30 on the session. Most feeder cattle contracts finished the day with gains of at least three bucks/cwt. The CME Feeder Cattle Index for 7/31 was $1.08 higher to $217.03. Cash cattle trade last week drew prices from $147-$148 in the south, and dressed sales of $232-$234 in the north. USDA reports wholesale prices widening their spread in the afternoon report. Choice boxes are 74 cents higher to $233.99, but select boxes are 46 cents lower to $228.83. Monday slaughter was estimated at 107,000 head, 2,000 head larger than a week ago, and 3,000 head smaller than a year ago. Pasture and range condition ratings declined overall this week, with 1 point from excellent, and two points from good, sliding into the fair category.
Aug 15 Cattle closed at $148.000, up $2.300,
Oct 15 Cattle closed at $148.100, up $2.175,
Dec 15 Cattle closed at $149.400, up $1.950,
Aug 15 Feeder Cattle closed at $213.850, up $3.125
Sep 15 Feeder Cattle closed at $210.825, up $3.075
Oct 15 Feeder Cattle closed at $208.825, up $3.025