A light round of direct cash cattle trade is underway following the very light business that took place on Tuesday.  Live deals in Kansas are at $119, which is $1 lower than last week’s weighted averages.  The rest of cattle country has been quiet through midday.  Packer inquiry could pick up as the day progresses.  Asking prices are at $120 plus live in the South and $200 plus dressed in the North. Today’s Fed Cattle Exchange had an offering of 3,367 head, of which 487 actually sold at $119. 

…