There’s a light direct cash cattle trade taking place in parts of cattle country. Live deals in Kansas are marked at $167, $4 higher than the prior week’s weighted averages. Dressed deals in Nebraska are at $270, $5 higher than the previous week’s weighted average basis in Nebraska. Asking prices are at $167 to $168 live in the South and $271-plus dressed in the North.
Boxed beef was lower at midday on light demand for light offerings. Choice was $1.04 lower at $297.25 and Select was $.56 lower at $268.34. The Choice/Select spread was $10.91.
At the Hub City Livestock Auction in South Dakota, steers 600 to 650 pounds were steady to $2 higher, steers 651 to 950 pounds brought $4 to $8 higher, except 750 to 800 pounds were steady to $1 higher.
