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Feeder Cattle futures closed lower while August Live Cattle futures posted modest gains in a mixed trading session. Cash steer prices softened slightly to 238.28, though the pace of recent cash market declines appeared to slow. Meanwhile, daily slaughter held steady at 106,000 head. Market participants are turning thei
August Live Cattle futures suffered their 15th consecutive lower close, dropping $2.65 on the session and finishing the week down $10.77. This marks the fourth straight week of declines and the longest losing streak since October. August Feeder Cattle futures also slipped, closing at 345.95, down $8.65 for the week. In