It’s a quiet start for direct cash cattle business. Bids and asking prices have yet to surface. Showlists for the week are mixed. Business is expected to pick up as the day progresses with significant trade volume likely taking place before the Thanksgiving holiday.
Boxed beef was modestly lower at midday with light demand for fairly moderate offerings. Choice is $.24 lower at $295.51 and Select is $.15 lower at $270.80. The Choice/Select spread is $24.71.
At the Joplin Regional Stockyards in Missouri, feeder steers under 625 pounds were steady to $2 higher.