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Live cattle futures ended Tuesday with most contracts steady to 47.5 cents higher, as nearby June was down 12.5 cents. Feeder cattle futures were down 15 to 82.5 cents on Tuesday. The CME feeder cattle index was up 34 cents from the previous day to $140.95. Wholesale boxed beef values were mixed on Tuesday afternoon. Choice boxes were down 21 cents to $224.92, with Select boxes 59 cents higher to $203.39. USDA FI cattle slaughter was estimated at 238,000 head through Tuesday. That was 1,000 head above last week and 3,000 larger than the same week last year. USDA’s quarterly meat production table shows total 2018 beef production down 90 million pounds from the May estimate to 27.125 billion pounds.

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