A pretty slow start to the day for direct cash cattle trade.  Bids have surfaced at $105 live and $165 dressed.  Both are below asking prices.  This morning’s Fed Cattle Exchange could jump-start business this afternoon.  Tuesday’s live business in the South had a full range of $104 to $107, mostly at $105.  There were also just a handful of deals reported in Iowa at $167 dressed.  Today’s Fed Cattle Exchange had an offering of 1,545 head with 779 head sold. 

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