There’s a light direct cash cattle trade underway in the North. Dressed deals are at $248, $1 higher than last week’s weighted averages. Bids have surfaced in the South at $155 live. However, they are still running below current asking prices which are at $157 to $158 live in the South and $250-plus dressed in the North. More business is expected to develop over the balance of the week.
Boxed beef is higher and sharply higher at midday on strong demand for light offerings. Choice is $3.03 higher at $253.10 and Select is $.95 higher at $227.64. The Choice/Select spread is $25.46.
At the Huss Livestock Market in Nebraska, compared to last week steers 450 to 600 pounds were $2 to $6 lower, and steers 600 to 900 pounds were steady to $4 higher.
