Dr. Derrell Peel, Extension livestock marketing specialist with Oklahoma State University, says the on feed number has been below year ago levels the last four months.

Scott Varilek, Kooima Kooima Varilek, says ag markets are seeing red with the threat of 50% tariffs on all EU imports.

Live cattle futures continue to ignore the strength in spot cash trade with a sharp downside correction last Wednesday, extending into Thursday, pulling $5/cwt.

Check out the latest Sterling Marketing Profit Tracker from week of May 17.

Brad Kooima of Kooima Kooima Varilek, says cattle futures are in recovery mode for a second day after scoring key weekly reversals last week on the charts, a bearish sign of a possible top. Corn is also trying to bounce after new lows for the year in the December contract.

Scott Varilek, Kooima Kooima Varilek, says after two ugly down days in cattle futures the markets are trying to recover and so is the soybean market.

Check out the Sterling Marketing Beef Profit Tracker ending week of May 10.

The markets have several big headlines they’re digesting including news over the weekend that China and the U.S. are de-escalating the tariff war.

Fundamental supply and demand have taken control of spot fed cattle values over April Live Cattle futures lows.

Scott Varilek, Kooima Kooima Varilek, says cattle continue to hit all-time highs in cash and futures. While corn is seeing some short covering after new lows for the move on Thursday.