Feedlots placed significantly more cattle on feed than expected last month.
USDA's Cattle on Feed and Cattle Inventory Reports reflected building supplies.
Report signals beef demand was greater than expected during 'Beef Month.'
Cattle futures softened as all categories came in higher than expected.
Our MarketWatch table features monthly and quarterly price outlooks, along with weekly prices for a wide range of ag markets.
Corn ended the day near its lows, while cattle closed high-range.
Forecast calls for above-normal temps west of the Rockies, with cooler-than-normal temps from the Gulf region to the southern edge of the Midwest.
Purdue University ag economist Chris Hurt says we have exited the 'Grain Era' and are ushered into a multi-year 'Livestock Era.'