Direct cash cattle trade is quiet. Bids and asking prices have yet to be established. Buyers and sellers have been busy taking inventory and significant trade volume is expected to be delayed until midweek or later. The bulk of last week’s trade took place on Wednesday and Thursday with Northern dressed business mostly at $196, about steady with the prior week’s weighted average basis in Nebraska. Southern live business was at mostly $120, about $1 higher than the prior week’s trade.
