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Live cattle futures saw midday losses ranging from $1.27 to $1.37 on Friday, with cash sales reported at $242-243 in the South, steady to $1 higher, and $2-3 weaker in the North. The Fed Cattle Exchange reported sales of $242 for 40 out of 242 heads offered. Feeder cattle futures dropped between 52 cents and $2.80, impacted by a CME Feeder Cattle Index decrease of $4.08 to $361.35 on September 3.
Weekly export sales data for the week of August 28 indicated a total of 16,573 metric tons (MT) of beef sold, marking a 6-week high, with shipments at 11,486 MT. USDA Wholesale Boxed Beef prices reflected a decline, with Choice boxes at $411.05 (down $3.16) and Select at $386.98 (down $0.79). Estimated cattle slaughter for Thursday was 121,000 head, with a week-to-date total of 363,000 head, 17,308 lower than the same week in 2024.
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