Global cattle prices tracking by EU Beef Market Observatory

Yanks have sprinted to the head of the field and I am wondering if they can hold on. I hope so, as it augers well for US demand for beef and helps Aussie compete in Asia.

USA live steer prices in the USDA cattle dashboard are also in very high territory.

Formula net live cattle reported as $1.4154 per lb live weight. Very confusing in relation to futures markets as there is so little cash trade.

http://www.cmegroup.com/trading/agricultural/livestock/live-cattle.html

Yesterday's USDA Direct quotes topped around $1.32 US per lb live weight.
https://www.ams.usda.gov/mnreports/lm_ct100.txt