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Last week, when cash cattle traded at $173 to $174 per cwt., average feedyard margins dropped to $132 per head, according to the Sterling Beef Profit Tracker.
Cattle feeding margins nose-dived $100 per head last week, settling at $45 per head, according to the Sterling Beef Profit Tracker.
Beef packers put away the red ink last week as they turned modest profits on every animal processed. Feedyard margins, however, slipped a little further away from positive.
Cash cattle prices dipped nearly 50 cents per cwt.
Whether you’re cattle feeder or packer, ledger sheets are full of red ink.
Cattle feeding margins declined $45 per head last week, leaving average per head losses at more than $77.