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Live cattle futures rose 75 to 95 cents on October 25, with October live cattle prices reaching $234.00 per hundredweight. There were no deliveries for October live cattle on Tuesday, and cash trade remained stagnant with reports of $230 in Iowa. The Fed Cattle Exchange auction reported no sales for the 1,866 head offered, with bids holding steady at $230.
Feeder cattle futures saw gains of $2.85 to $3.35 on Wednesday, with the CME Feeder Cattle Index increasing by $0.77 to $364.24. The USDA reported mixed wholesale boxed beef prices; Choice boxes rose by $1.40 to $367.37, while Select dropped $3.50 to $345.38. Federally inspected cattle slaughter on Tuesday was estimated at 116,000 head, with a weekly total of 217,000 head, down 16,000 from last week and 16,708 from the same week last year.
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