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Corbitt Wall of USDA Market News gives this week’s Feeder and Stocker Cattle Summary for the week ending July 18.

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.

After running uphill for three consecutive months, stocker and feeder markets fell lower amid light receipts.

Boxed beef cutout prices set all-time highs this past week.

Consumer demand has continued to push the beef markets to new levels.

The beef market continues to reach new heights.

Pastures are in better condition this summer than anytime in past 10 years, that’s a good sign for herd rebuilding.

Pasture values are increasing at a faster rate than cropland. The trend could continue with on-going profitability in the cattle market.

The cattle futures market looks bright.