Light trade is developing in the South at $120, about a dollar higher than last week’s weighted averages. Asking prices are coming in around $122 in the South and $200 plus in the North. Packer demand is expected to increase as the day goes on. Beef cutouts are expected to move higher on light to moderate box movement.

Boxed beef is higher at midday on good demand for light to moderate offerings – choice is up $2.72 at $272.45 and select is up $1.57 at $255.51.

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