Mutilate’s -X/-X won’t apply to creatures that enter later in the same turn.

When a resolving effect modifies the characteristics of objects on the battlefield (such as power/toughness), the permanents that will be affected are “locked in” as the spell/ability resolves. So when you cast , it applies -X/-X to all creatures currently on the battlefield as the spell resolves, and that effect will last until the end […]

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