It’s another really quiet start for direct cash cattle business.  Bids have yet to surface.  Asking prices are at $144 live in the South, while the North still isn’t fully established.  There was some very light, scattered trade that took place on Tuesday with dressed deals at $230, but that’s not near enough to establish a trend. More business is expected to pick up as the day progresses.  Today’s Fed Cattle Exchange was another non-starter with 1,204 head offered, none of which sold.  Reserve prices were at $141 to $142, which were not met.

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