A light to moderate direct cash cattle trade is underway. Deals in the South are at $123 to $124 live, about steady with last week’s weighted averages. There’s also been a light to moderate dressed trade reported in the North at $200, $1 lower than last week’s weighted average basis in Nebraska. Many of those are marked for delayed delivery. Asking prices are around $125 plus live in the South and $202 plus dressed in the North.
