U.S. beef exports were down 3.6% in April.
Record high cattle prices have been pretty common place this past year.
Record-high feed prices will stick around most of this year, which will continue to put the squeeze on an already suffering livestock industry.
Both cash fed cattle prices and the futures markets saw post-holiday weakness this week, but feeder cattle bids were higher again.
This month's cattle on feed report noted 2.6% more cattle in 1,000 head capacity feedlots than last August 1.
USDA's January Cattle on Feed report said December placements were down 0.8% while marketings were up 1.1%.
Beef and fed cattle prices drop from last week.
Beef and cattle prices dropped this past week, but it's still a profitable time to be in the beef industry.