Fed cattle prices steady to weaker, while boxed beef offers some support

Fed cattle trade in the US concluded for the week with limited activity, including a few deals in Kansas at US$/cwt 247 live on Friday. Packers showed interest in adding inventory but faced resistance at lower price levels. Most transactions in Kansas and Texas were around US$/cwt 246, while in the north cattle traded at US$/cwt 246 live and US$/cwt 386 dressed, both down US$/cwt 2 from the previous week, according to The AG Center.