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Chicago Mercantile Exchange live and feeder cattle futures declined on Friday, influenced by steady to lower cash cattle trades this week, according to market analysts. Weakness in US grains markets offered little support to the livestock complex.
USDA said estimated cattle slaughtering fell to 95,000 on Monday, down 9.5% from a week earlier. Boxed beef prices also firmed.
Chicago Mercantile Exchange live and feeder cattle futures slid lower Friday as traders squared positions ahead of the Labor Day weekend. October live cattle fell 1.35 cents to 212.95 cents/lb; October feeder cattle dropped 0.95 cents.