It’s a typically quiet Monday for direct cash cattle trade activity as buyers and sellers are busy taking inventory.  Bids and asking prices have yet to be established and it’s likely significant trade volume will hold out until Midweek or later.  Deals last week had a full range of $125 to $132, mostly $132, which was $3 higher than the previous week’s weighted averages.  Northern dressed business ranged from $204 to $209, mostly $207, $4 higher than the prior week’s weighted average basis in Nebraska. 

…