Live cattle futures slide to mark third straight week of losses.

Livestock futures faced downward pressure to close out the week, with live cattle logging a third consecutive week of losses and finishing at its lowest level since mid-March. Despite recovering from sharp mid-morning lows, August feeder cattle futures also closed lower at $354.37. Implied volatility firmed across live cattle, feeder cattle, and lean hog markets, with each hitting one-month highs. Meanwhile, the wholesale boxed beef market showed strength with Choice and Select cuts rising, while recent slaughter volumes continue to lag behind last year's pace.