Direct cash cattle trade activity is improving at midday.  Bids have surfaced in the three main feeding areas at $113 and $114 live.  Asking prices are around $116 live in the South and not fully established out of the North.  We could see some business develop over the balance of the day, but it’s likely significant trade will be delayed until sometime Thursday or Friday.  Today’s Fed Cattle Exchange had an offering of 1,199 head, with 409 head sold for a weighted average of $114.25. 

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