Direct cash cattle trade activity has been quiet again today.  That isn’t too surprising given Friday’s Cattle on Feed report.  So far this week there have been just a handful of deals reported in Nebraska and Iowa at $226 to $229 dressed, while not enough business to establish a solid trend, some deals are about $3 higher than last week’s weighted average basis in Nebraska.  The South has been in a standoff, and could be holding out until Friday’s numbers are out. 

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