Fed cattle trade started steady in the Corn Belt last week in a ull range of $129-131 dressed basis. Southern Plains traders were still a few dollars apart at midday last Thursday with trade expected to be no worse than steady with the prior week at $85 live. Packers were believed to be somewhat short

Fed cattle trade started off with light volume last Wednesday at $130-$132 dressed in the Corn Belt along with some $131-132 dressed and $83 live trade in Nebraska. Analysts predicted that last weeks trade would move $1 higher than the prior week in most areas after support firmed in the contract markets and boxed beef showed some resiliency.

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Feedlot trade was slow last week as managers worked on their case for pushing prices higher after boxed beef prices posted light gains and packers ramped up their harvest levels at midweek. Asking prices were at $84 live and $132-134 dressed in most areas last Thursday with only light trade reported in Nebraska at $130 dressed.

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Cash trade was very quiet at midday last Thursday with just a handful of dressed cattle trading through the first half of the week in the north at mostly steady money. There were bids of $

Light fed cattle trade was underway in parts of the Corn Belt where cattle were selling at $128-129 dressed last Thursday on light volume. Feedlots in Nebraska moved cattle at $129-130 while 1,000 head were sold in Kansas and Texas on Wednesday at $81 live.

There was some early light trade in the southern Plains last Thursday down $1 from the previous week at $82, although volume was light and not enough to call a trend. Some light Corn Belt trade was also $1 lower at $131 dressed.

Cattle feeders came to the table early last week and moved light numbers of cattle at prices steady to $1 lower than the previous week at $83-84 live basis last Wednesday in the South and at $130-132 dressed in the northern tier and Corn Belt.

Fed cattle trade was at a standstill last Thursday with feedlots and packers still priced several dollars apart. Feedlots were asking mostly $84-85 for their showlists and holding firm as a result of the improving August live cattle contract which stood at $85.