It may be likely that the spring calf market has peaked.
The number of cattle entering feedlots is down 1.6% compared to last year at 10.59 million head on June 1.
All areas of the beef industry continue to see higher price gains.
USDA's May WASDE is predicting 4.7% more beef this year than last and 4.0% more beef in 2017 than this year.
Hamburger demand has kept lean beef prices up, it has also kept cull cow and bull prices on the increase.
Fewer cattle and higher prices are a continuing trend with the Cattle on Feed Report.
The cattle markets have been in a bit of a sink or swim mode lately, and right now they're slowly sinking.
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.