Direct cash cattle trade is quiet.  A few bids have surfaced $160 live in the South and $256 dressed in the North.  Those are well below the current asking prices of $163-plus live in the South and $260 dressed in the North.  It looks like buyers and sellers could be headed for a standoff delaying any significant business until sometime on Friday.  There were a handful of deals reported in the North on Wednesday at $254, fully steady with last week’s business. 

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