Direct cash cattle trade activity remains quiet through midday. Bids have been elusive. There are just a few asking prices that have been reported at $185 to $186 live in the South, the North still isn’t established. While some business could develop yet today, it’s more than likely significant trade volume is going to hold out until sometime Thursday or Friday.
Boxed beef is lower at midday on light demand for heavy offerings. Choice is $.45 lower at $293.92 and Select is $1.01 lower at $288.94. The Choice/Select spread is down to $4.98.
