Cattle prices have had a rough spring. After peaking in late 2014 and early 2015, prices have been adjusting downward from very lofty peaks. High prices and profits at that time provided the incentives to expand beef production. Expanding beef production and a remarkable recovery in total meat supplies continues to put downward pressure on cattle prices.
Chris Hurt, Agricultural Economist at Purdue University, provides a recent overview on cattle prices at the following link at the farmdoc website. It is available in both a written summary and podcast at this link : Weekly Outlook: Falling Cattle Prices, Where is the Bottom?