Fed cattle prices moved lower at the end of the week as packers entered the new week with relatively light inventories, unless additional cattle are purchased over the weekend. According to The AG Center report, trade developed on Friday afternoon across all major regions at US$/cwt 256-257, down US$/cwt 1-2 from late the previous week and about US$/cwt 3 below the bulk of last week's transactions. Dressed cattle sales were reported at US$/cwt 405-408, mostly US$/cwt 407, down US$/cwt 1-3 week-on-week.
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