A light to moderate direct cash cattle trade is underway.  Live deals across all areas are at $138, generally steady with last week’s business.  A light dressed trade has also been reported in the North with deals at $221 to $223, mostly $221 steady to slightly weaker than the prior week’s deals.  Most of those are marked for delayed delivery.  Asking prices are at $140 to $142 live and $224 plus dressed.  Today’s Fed Cattle Exchange had an offering of 3,634 head of which none actually sold because they did not meet the reserve prices of $138 to $144.

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