Direct cash cattle trade is off to a quiet start with all parties involved busy taking inventory. Bids and asking prices have yet to surface. It’s likely significant trade volume will be delayed until midweek or later. Last week’s business ebbed and flowed throughout the week. Southern live deals were mostly at $119 to $120, about steady with the prior week’s trade. Northern dressed deals were mostly $197 to $198, also about steady with the previous week’s weighted average basis in Nebraska.
