Direct cash cattle trade is quiet following the light business that took place on Thursday.  Buyers and sellers have been in a standoff much of this week.  Live deals in Kansas and Texas were around $123, $1 higher than last week’s weighted averages.  Dressed business in Nebraska and Iowa was at mostly $202, about $1 higher than last week’s weighted average basis in Nebraska.  Look for more trade to develop today.  Asking prices are holding at $124 plus live in the South and $205 plus dressed in the North. 

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