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Live cattle futures experienced losses ranging from $1.37 to $1.75 on Thursday, with cash sales reported at $242-243, reflecting a slight increase in the South and a decline of $2-3 in the North. The Fed Cattle Exchange auction recorded sales at $242.50 for 255 of the 752 head offered. Additionally, feeder cattle futures decreased by $2.25 to $3.
USDA estimated Thursday’s cattle slaughter at 121,000 head, bringing the week-to-date total to 363,000, which is 17,308 head lower than the same week in 2024. However, a 10-year low in exports was noted for July, with figures at 210.6 million lbs. The CME Feeder Cattle Index fell by $4.08 to $361.35 on September 3.
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