Consumer demand for livestock products continues to be important in determining the pressure on livestock prices in the coming months.
All areas of the beef industry continue to see higher price gains.
Market ready cattle prices were spurred by a relatively strong futures market and a strengthening in wholesale beef prices.
The summer months have resulted in softer prices for wholesale beef, finished cattle, feeder cattle, calves and slaughter cows.
The summer grilling season brought on a record price for fresh beef this June.
USDA's May WASDE is predicting 4.7% more beef this year than last and 4.0% more beef in 2017 than this year.
The semiannual cattle inventory report from USDA confirmed that beef cow expansion is continuing.
Commercial beef production in January totaled 2.3 billion pounds which was an increase in production of 295 million pounds compared to January 2018.