U.S. beef exports were down 3.6% in April.
Muddy pen conditions in all major feeding regions have left many fed cattle owners willing sellers at steady money.
There is a strong likelihood that feeder cattle prices will remain strong through the summer marketing period as is seasonally expected.
Stocker and backgrounding operations have been foaming at the mouth to secure the inventory needed to harvest spring grass.
The final standard is subject to change, however.
Cattle futures showing that prices may have been inflated the past few months.
It may be likely that the spring calf market has peaked.
Fewer heifers entering the feedyard means more calves could be coming...in several years.