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Live cattle futures are mostly 2.5 to 32.5 cents lower on Thursday. Feeder cattle futures are mixed at midday, with nearby Oct up 20 cents. The CME feeder cattle index was 5 cents higher at $155.22 on October 10.Wholesale beef prices were higher in the Thursday morning report. Choice was up 63 cents at $196.95, while select boxes were 51 cents higher at $189.27. Week to date FI cattle slaughter was estimated at 351,000 head through Wednesday, about 9,000 larger than the previous week and 8,000 head above the same week last year. Cash trade has yet to develop this week, as there are currently bids of $108 across the plains. The USDA lowered fourth quarter beef production for 2017 10 million pounds to 7.115 billion pounds. Projected first and second quarter production for 2018 was lowered 35 million pounds each.

Oct 17 Cattle are at $113.450, down $0.325,

Dec 17 Cattle are at $118.500, down $0.025,

Feb 18 Cattle are at $122.125, down $0.050,

Oct 17 Feeder Cattle are at $154.350, up $0.200

Nov 17 Feeder Cattle are at $155.525, down $0.150

Jan 18 Feeder Cattle are at $153.700, down $0.550

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