A light direct cash cattle trade is underway.  Deals in the South are at $120, steady to $1 lower than last week’s weighted averages.  Bids are at $192 dressed in the North.  Asking prices for cattle are at $122 to $125 live in the South and $205 plus dressed in the North.  Today’s Fed Cattle Exchange had an offering of 4,972 head of which 1,517 head sold at $120 and $124.  Look for more business to develop throughout the week.

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