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Cattle Market Higher ahead of Weekend

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On the last trading day of the month, and ahead of the weekend, live cattle futures are up 35 to 47 cents. Nearby feeder cattle are also in the green through midday, as futures are up 7 to 45 cents. The July 29 CME Feeder Cattle index was $139.24, down 59 cents from the day prior. Cash sales were mainly reported yesterday at $97 the South and $100-102 in the North. A few sales of $160 in the beef were reported as well. Wholesale boxed beef prices were mixed in the AM quote. Choice boxes were up $1.58 to $203.38, with Select boxes 44 cents weaker. WTD FI cattle slaughter through Thursday was estimated at 474,000 head. That exceeds last week’s pace by 2,000 head but is 9,000 head behind the same week last year.

Aug 20 Cattle are at $102.100, up $0.375,

Oct 20 Cattle are at $107.225, up $0.475,

Dec 20 Cattle are at $110.900, up $0.450,

Aug 20 Feeder Cattle are at $143.325, up $0.300

Sep 20 Feeder Cattle are at $144.650, up $0.225

Oct 20 Feeder Cattle are at $144.975, up $0.450

--- provided by Brugler Marketing & Management

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