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Profit margins for cattle feeders moved higher last week while pork producers saw a dip in profitability.
As America’s cattle market continues to defy historical trends, cattle feeding margins have benefited with solid profits most of the year
Cattle feeders’ profits last week were $367 per head more than at the same time last year when $196 per head losses were recorded.
Cattle feeders saw a significant, unseasonal bump in profit margins last week.
The dog days of summer are nowhere to be found with profits continuing to increase for both cattle and hog producers.
Despite a $17 per head decline, average feedyard margins remained above $300 last week.