Another slow start for direct cash cattle business. Showlists for the week are mixed, lower in Texas, Nebraska, and Colorado, but higher in Kansas. Bids are slow to surface. Asking prices are at $165 to $166 live in the South, while the North remains quiet. It’s likely significant trade volume will develop until midweek or later.
Boxed beef is higher at midday on solid demand for light offerings. Choice is $.52 higher at $280.88 and Select is $.94 higher at $270.66. The Choice/Select spread is $10.22.
