Direct cash cattle trade activity is quiet following the Thursday’s business. There’s been a little bit of a standoff this week as packers haven’t been overly aggressive in their procurement efforts and sellers haven’t been willing to take lower prices. And while some clean-up trade is expected at some point, it’s likely the bulk of the week’s business has wrapped up.
Boxed beef is lower at midday on light demand for light offerings. Choice is $.75 lower at $233.13 and Select is $.95 lower at $220.73. The Choice/Select spread is $12.40.
