Direct cash cattle trade is quiet to start the week. Showlists are mixed, higher in Nebraska/Colorado, somewhat higher in Texas, but lower in Kansas. Asking prices have surfaced already in the South at $132 to $134 live, the North, however, remains quiet. Bids are not yet available. If a showdown takes place again this week, it’s likely the bulk of the week’s business will hold out until midweek or later.
Boxed beef was mixed at midday on light to moderate demand for light offerings. Choice is $.65 lower at $288.89 and Select was $.95 higher at $268.47. The Choice/Select spread is $20.42.
