Direct cash cattle markets are quiet. Asking prices are $185 to $186 on the live basis with asking prices on the dressed basis and bids in all the major feeding areas yet to be established. Widespread business is expected to wait until at least Wednesday. Last week’s business was light to moderate at sharply higher prices than the week before that, partially due to tighter market ready numbers.
Boxed beef at midday was modestly to sharply higher with light to moderate movement.
