Direct cash cattle trade remains relatively quiet. A few bids have surfaced in parts of cattle country in Kansas they’re at $175 to $176 live and in the North at $290 dressed. Asking prices remain elusive. Packer inquiry is expected to improve as the day progresses. But significant trade volume could hold out until sometime on Friday.
Boxed beef was lower at midday on light demand for light offerings. Choice was $1.24 lower at $321.54 and Select was $2.23 lower at $290.46. The Choice/Select spread is $31.08.
At the Green City Livestock Auction in Missouri, steers and heifers were sharply higher, mostly $8 to $15 higher with spots of $20 higher.
