A light direct cash cattle trade is underway.  Live deals in parts of the South are at $120, that’s $3.50 higher than last week’s weighted averages.  Asking prices are around $122 plus live in the South and $195 to $198 dressed in the North.  Look for more business to develop throughout the day. Today’s Fed Cattle Exchange could be the boost the market needs to get today.  This week’s sale saw the majority of the offering sell with many over the reserve pricing. 

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