Direct cash cattle markets are quiet. There was very limited business Wednesday at $157 to $158 on the live basis and $248 dressed, but not nearly enough to establish a trend. Asking prices are $158 live and $256 dressed with bids at $154 live in Texas and $248 to $249 dressed in Nebraska and $249 dressed in Iowa. It looks like sellers have the leverage this week, with most feedlots staying current and packers wanting to take advantage of the wholesale market.
