Direct cash cattle trade activity is typically quiet for a Monday.  Buyers and sellers are busy preparing for the week ahead.  Bids and asking prices haven’t been established.  Significant trade volume will likely be delayed until midweek or later.  Last week dressed business ranged from $294 to $301, mostly $298, $4 higher than the previous week’s weighted averages.  Southern live business was at mostly $186, which was fully steady with the prior week’s business. 

Boxed beef is higher at midday on solid demand for light offerings.  Choice is $1.43 higher at $313.33 and Select is $1.40 higher at $303.80.  The Choice/Select spread is $9.53. 

In Nebraska last week, steers under 500 pounds were $10 higher and steers over 500 pounds were $2 higher. 

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