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U.S. Meat Export Federation

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Situations

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US beef prices drop; herd at record low, margins tight

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Latest: US Beef Herd Record Low Fuels Prices, Sparks Mexican Cattle Reopenings

Late‑May beef steer prices kept sliding, with the five‑Area negotiated average at $238.59 per cwt, roughly $24 below the recent peak, and the Choice carcass cutout slipping to $371.21 per cwt. The decline, together with