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Just 8% of U.S. pastures are in poor to very poor condition, according to USDA. It is a 2% improvement from last year.
Job growth has continued to drop the past few months, a sign that consumer beef demand could be in trouble.
The U.S. Department of Agriculture (USDA) confirmed that the first shipment of U.S. beef recently arrived in South Africa following the reopening of the South African market earlier this year.
Market ready cattle prices were spurred by a relatively strong futures market and a strengthening in wholesale beef prices.
The Choice cutout was $212.05 down $0.45 from Thursday and down $8.45 from last Friday, while fed cattle trade was $2 to $3 lower than a week ago on a live basis.