USDA's April cattle on feed report said the number of steers on feed was up 5.4% at the start of April while the number of heifers in large feedlots was down 10.1%.
The strong dollar and high U.S. beef prices are having a negative impact on U.S. international beef trade.
Cattle prices are up, but beef prices are down.
Less beef production but prices should continue to rise, according to USDA.
Stocker and backgrounding operations have been foaming at the mouth to secure the inventory needed to harvest spring grass.
Already facing steep losses, cattle feeders saw their margins decline further in a dismal pre-Labor Day market.
It comes as no surprise that the organic sector continues to grow at a faster pace than other agricultural production systems. And organic field crops have gained in acreage and value, according to a new USDA report.