Direct cash cattle trade activity is off to a quiet start, typical for a Monday.  Buyers and sellers are likely taking inventory.  Bids and asking prices have yet to be established and it’s likely significant trade volume will be delayed until Thursday or Friday.  Last week’s business held off until the last half of the week.  Northern dressed deals were mostly at $172, $7 higher than the previous week’s weighted average basis in Nebraska.  The bulk of live trade took place on Friday with deals mostly at $110, $3 higher than the prior week’s weighted averages. 

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