Live cattle futures closed the midweek session with 22 to 77 cent losses in the front months. Feeder cattle futures fell triple digits on higher corn, with 0.77% to 1.2% losses on the day. The CME Feeder Cattle Index was $142.58 on 9/29, back up by 22 cents. Sales from this morning’s FCE auction saw action for each lot listed, three feedlots passed on $104 offers and 358 head were sold at $106. USDA reported light cash cattle sales activity on Wednesday from $104 to $107, with dressed at $167. Not enough sales this week for a trend, but the bulk of activity has been $106-$107. Wholesale boxed beef prices were higher in the PM update. Choice boxes were up 58 cents to $217.74 cwt. Select boxes were 55 cents stronger at $207.54. Federally inspected cattle slaughter for the week through Wednesday was 358,000 head. That trails last week’s pace by 3k head, but is up 5,000 from the same week last year.

--- provided by Brugler Marketing & Management