Direct cash cattle trade activity is quiet through midday. Asking prices are around $140 live in the South, while the North has been quiet. Bids are non-existent so far today. Looking for more business to pick up as the day progresses. There were just a handful of deals reported on Monday at $138 live, fully steady with last week’s business.
Boxed beef is higher at midday on solid demand for moderate offerings. Choice is up $.64 at $264.92 and Select is $1.91 higher at $246.14. The Choice/Select spread is $18.78.
