Live cattle futures settled $1.50 to $1.60 lower. Feeder cattle futures were down $2.20 to $2.625. The CME feeder cattle index was up $1.67 from the previous day at $145.08 on 7/10. Wholesale boxed beef values were mixed on Wednesday afternoon. Choice boxes were up 12 cents to $207.44, while Select boxes were $1.25 lower at $197.14. USDA estimated FI cattle slaughter through Wednesday at 359,000 head, up 6,000 the same week last year. No sales were reported in the FCE auction. Cash bids of $108 were reported on Wednesday, with a few dressed sales of $175 in the North.