Firmer fed cattle prices

Fed cattle prices are continuing to rise. Gains past week are expected again this week as prices test the US$/cwt 220 area. This past week the sales in the south were at US$/cwt 212-213 with northern sales mainly at US$/cwt 215-218 live. Dressed sales were mostly US$/cwt 340. Fed supplies are tight and the conditions are favorable for short supplies to remain, according to The AG Center report.