Midday cash livestock markets

Direct cash cattle business is generally at a standstill. A few sales are reported at $175 on the dressed basis in Iowa and Nebraska, but not enough to establish a real test. Asking prices are $115 to $116 on the live basis and $184 to $185 dressed with bids of $108 live and $175 dressed. Buyers and sellers will be monitoring futures and wholesale business. This week’s offering at the Fed Cattle Exchange was 365 head, all out of Kansas, none sold.

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