A slow start to the day’s direct cash cattle trade activity.  Bids have yet to resurface.  Asking prices are around $143 plus live in the South and $227 to $228 dressed in the North.  Look for business to develop over the balance of the week.  A big day for today’s Fed Cattle Exchange, with an offering of 2,096 head with 1,496 head sold from $141.25 to $142.25.  There were 380 head listed as unsold as they did not meet the reserve prices that ranged from $142 to $145. 

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