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Live cattle futures ended Wednesday trade mixed from as much as 35 cents lower to 50 cents higher. Feeders were higher on the session with September up 35 cents and the October through April contracts each up more at least a dollar. The CME Feeder cattle Index for 9/26 was $136.81. Average prices for choice beef were up $2.53 in the afternoon report, but the select price was only 36 cents higher. Cash cattle trade has been moderate on light to moderate demand. Reported trade for all grades has a weighted average of $103.53 for live, and $161.21 for dressed. WTD slaughter is running 1,000 head behind last week's pace, but still 6,000 head larger than the same period a year ago.
Oct 16 Cattle settled at $103.475, down $0.350,
Dec 16 Cattle settled at $103.625, up $0.500,
Feb 17 Cattle settled at $104.100, up $0.450,
Sep 16 Feeder Cattle settled at $135.175, up $0.350
Oct 16 Feeder Cattle settled at $128.025, up $1.175
Nov 16 Feeder Cattle settled at $124.650, up $1.275