It would seem that Bidens announcement to subsidize the meat market, is working to drive the market down this week. Yes. It's moving for political reasons.
I used to love it when Trump would spout off about the price of oil every once in a while. That would be good for an immediate drop of $3-$4 one day only to go right back where it was the next. Very easy money.
When a politician flaps his or her jaws and it affects the market, get ready for it to go back where it was. It's all great theatre but it doesn't change the fundamentals. Expensive grains make for expensive cattle.
There are some cattle lurkers out there. Maybe they will chime in.