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Live cattle were down 62.5 cents to $1.225 on Thursday, with Dec16 cattle the weakest. Feeders posted losses just shy of $2.00, after trading $1.15 to $1.60 higher at midday. The CME Feeder Cattle Index for 7/27 was up $1.79 to $141.05. Cash cattle trade reported a few live steer sales at $118 on Thursday, and dressed heifer sales at $185. The afternoon USDA report had the average price of choice boxed beef down 32 cents to $198.76, and the average price of select boxes was 34 cents lower at $189.71. WTD FI slaughter was estimated at 447,000 head, down 2,000 head from last week, but 20,000 head bigger than the same period a year ago. During the week ending July 21, 20,744 MT of US beef was booked for sale by foreign purchasers, the second-largest weekly total of the marketing year. As of last Thursday, commitments were 107.3% of a year ago.
Aug 16 Cattle settled at $113.325, down $0.625,
Oct 16 Cattle settled at $112.100, down $0.950,
Dec 16 Cattle settled at $112.675, down $1.225,
Aug 16 Feeder Cattle settled at $140.475, down $1.800
Sep 16 Feeder Cattle settled at $139.150, down $1.975
Oct 16 Feeder Cattle settled at $138.350, down $1.900