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The pain eased somewhat for cattle feeders last week, but losses remain more than $97 per head.
Cattle feeding margins took two steps back last week as cash cattle prices hover around what producers hope are the summer lows.
Cattle feeders and beef packers are hoping the price lows are in for the summer as both operated at a loss last week.
Last week saw dramatic improvement in cattle feeding margins, yet triple-digit losses remain.
A $6 per head decline in cattle feeding margins is tolerable, unless you were already losing $112.
With cash fed cattle prices tumbling $6 per cwt. last week an increase in cattle feeding losses was certain.