Direct cash cattle trade activity has been quiet and bids remain elusive. Asking prices are around $116 to $117 live in the South and $185 plus dressed in the North. It’s likely significant trade volume will be delayed until sometime Thursday or Friday. Today’s Fed Cattle Exchange had an offering of 1,251 head and 518 sold at $114.
Boxed beef is mixed at midday on light to moderate demand for moderate offerings. Choice is $1.38 lower at $232.91 and Select is $1.97 higher at $222.70.