Live cattle futures are trading 82.5 cents to $1.925 lower in most contracts on Tuesday. Feeder cattle futures are down a sharp $2.825 to $3.475 at midday. The CME feeder cattle index was up $1.18 from the previous day on 8/3, reaching $149.74. Wholesale boxed beef values were higher on Tuesday morning. Choice boxes were up 35 cents at $206.03, while Select boxes were 90 cents higher at $199.23. Monday's FI cattle slaughter was estimated at 118,000 head. That was up 5,000 head from the previous week and 2,000 head above the same week in 2017.Aug 18 Cattle are at $109.575, down $0.825,Oct 18 Cattle are at $110.350, down $1.200,Dec 18 Cattle are at $113.750, down $1.475,Aug 18 Feeder Cattle are at $148.725, down $3.125Sep 18 Feeder Cattle are at $148.375, down $3.475Oct 18 Feeder Cattle are at $148.975, down $3.300