Fed cattle prices advance despite futures decline

Fed cattle prices moved higher last week despite the downturn in futures. In the south, most early trades at US$/cwt 235 shifted to 236, while in the north live trade rose from US$/cwt 245 to 247. These prices were US$/cwt 3–5 higher in the week. The bulk of dressed sales were reported at US$/cwt 385, up US$/cwt 5, The AG Center said.