Another round of direct cash cattle trade is underway.  Deals in Nebraska are at $195 dressed, which is $3 lower than last week’s weighted average basis. These are marked for delayed delivery for the weeks of August 2nd and August 15th.  There’s been a handful of live deals reported in Iowa at $125.  Asking prices are around $120 plus live in the South and $200 plus dressed in the North.  There was a light to moderate trade that took place in the South on Wednesday at mostly $119, about $1 lower than last week’s weighted averages. 

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