Another slow start to the day for direct cash cattle trade activity. Bids and asking prices remain slow to surface. Showlists this week are mixed, lower in Texas and Kansas, but higher in Nebraska and Colorado. It’s likely significant trade volume is going to hold out until at least midweek or later, especially with Friday’s Cattle On Feed report from the UDSA.
Boxed beef is mixed at midday with light demand for moderate offerings. Choice is $.02 higher at $288.95 and Select is $.30 lower at $263.42. The Choice/Select spread is $25.53.
