Mexico historically has been an important source of feeder cattle for U.S. cattlemen, with feeder calf imports of approximately 1 million head a year since the mid-1980s.
The latest checkoff-funded Consumer Beef Index survey shows increasingly positive perceptions about beef.
Cash fed cattle traded in the South mostly $1 higher at $120 live. Cattle traded in the North at $119 to $120 live and $190 dressed, steady to $1 higher.
In the process of saving on inputs, some producers might cut back on the money spent for replacement bulls.
Feeder cattle up 3rd straight session and lean hog contracts notch fresh highs.
Winter weather has been a factor in beef and cattle prices lately, but it didn't keep the market down for boxed beef this week.
Beef prices went down while cattle prices rebounded.