Live cattle futures closed out Monday with contracts $2.12 to $2.925 in the red at the close. Cash trade was up $4-5 last week at $228-$230 in the South, with Northern action $8-10 higher wk/wk at $240-241. Feeder cattle are fell lower on the Monday session as contracts were down $5.50 to $5.85. The CME Feeder Cattle Index was back down $3.48 to $319.89 on July 11. The weekly OKC feeder cattle auction had an estimated 7,000 head for sale, with price action listed $10-25 higher.

USDA Wholesale Boxed Beef prices continue the weaker pattern in the Monday PM report, with the Chc/Sel spread widening to $12.49. Choice boxes were down $1.57 to $377.07, while Select was quoted $1.91 lower at $364.58 /cwt. USDA estimated cattle slaughter for Monday at 112,000 head. That was 2,000 head below last Monday and 5,427 head lower vs. the same week last year.

Aug 25 Live Cattle  closed at $219.350, down $2.850,

Oct 25 Live Cattle  closed at $216.775, down $2.925,

Dec 25 Live Cattle  closed at $217.450, down $2.125,

Aug 25 Feeder Cattle  closed at $319.475, down $5.850,

Sep 25 Feeder Cattle  closed at $319.575, down $5.825,

Oct 25 Feeder Cattle  closed at $317.700, down $5.500,