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U.S. beef exports maintained their strong momentum in May.
Corbitt Wall of USDA Market News gives this week’s Feeder and Stocker Cattle Summary for the week ending July 18.
The cattle markets have hit the brakes a bit as the peak of grilling season arrives.
Cattle prices as well as wholesale and retail beef prices are setting record highs, according to Texas A&M AgriLife Extension Service economists.
Both cash fed cattle prices and the futures markets saw post-holiday weakness this week, but feeder cattle bids were higher again.