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On October 6, live cattle futures rose by $1.05 to $1.22, with October contracts closing at $233.10. Feeder cattle futures also increased, with contracts up $3.10 to $3.80, marking October feeder cattle closing at $365.50. The CME Feeder Cattle Index was reported at $364.24, up $0.77.
USDA data showed that wholesale boxed beef prices rose, with Choice boxes up $2.63 to $365.97 and Select up $0.91 to $348.88. Additionally, federally inspected cattle slaughter was estimated at 116,000 head on Tuesday, contributing to a weekly total of 217,000 head, which is 16,000 head lower than the previous week and 16,708 fewer than the same week last year.
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