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.
Fed cattle continue pace with a sixth month of record highs.
The USDA NASS Cattle on Feed report for May was released last Friday. For as large as the numbers are, it has the potential to be bullish.
The winter precipitation and cold temperatures in the eastern part of the country have not been beneficial to beef cutout prices.
The number of cattle entering feedlots is down 1.6% compared to last year at 10.59 million head on June 1.
Cow-calf producers should consider the expected price increase the next couple of months to determine if selling now or delaying marketings into March would be advantageous.
Cattle prices are up significantly from last year, while beef prices slide from last week.
Quality characteristics, tenderness and value of beef are similar from steers and heifers.