Direct cash cattle trade activity is off to a quiet start with both buyers and sellers busy taking inventory.  Bids and asking prices are slow to surface and it’s likely the bulk of the week’s business will take place midweek or later.  Deals last week were at mostly $140 live, $1 higher than the prior week’s weighted averages.  Dressed deals were at mostly $230, $4 higher than last week’s weighted average basis in Nebraska. 

Boxed beef was mixed at midday on light to moderate demand for light offerings.  Choice was $.97 lower at $266.94 and Select was $1.69 higher at $256.46.  The Choice/Select spread was $10.48. 

In South Dakota last week, feeder steers were $3 to $6 higher, feeder heifers were unevenly steady. 

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