Beef export value per head of fed slaughter in July averaged $308.47. For January-July, export value averaged $311.51 per head, down 2%.
Calf and feeder cattle prices continue to be pressured by fed cattle bearishness.
Cattle prices steady to a bit softer as lighter carcass weights continue to mitigate increasing cattle numbers.
Although U.S. beef exports remain a bright spot, growing tariff disadvantages make the sledding tougher.
Calf demand continues to grow as grazing turnout nears.
More aggressive feedlot placements this week caused volatility at markets.
Farmers intend to plant more corn and less soybeans, but flooding means all bets are off.
Calf and feeder cattle demand continued stronger, despite the sharp downturn in Cattle futures.
Feed yards ready for inventory as prices gain traction after weeks of inclimate weather.