A light direct cash cattle trade is underway. Live deals in Kansas are at $110 about steady with last week’s averages. Packer inquiry is expected to improve as the day progresses. Asking prices have been restated around $113 plus in the South, while the North remains quiet. Significant trade volume will likely develop in the back half of the week. Today’s Fed Cattle Exchange had an offering of 1,547 head, with 567 head sold with a range of $110 to $112.
