Beef demand is supported by strong U.S. export sales and U.S. consumer purchasing has been well balanced with beef supplies as we head into the 2nd quarter.
"There are distinct and proven benefits to the environment accruing to cattle production and yes, it is sustainable."
While the release of USDA reports ceased for a month it does not spell disaster and certainly, the markets continue to roll along in pretty good shape.
Hedging opportunities for cattle marketed into the beginning of next year are becoming more attractive.
Fundamentally there was a market imbalance as truck-loads of red ink left the feedyards.
History provides a guide to how low markets may tumble.