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Cattle feeding margins took another tumble last week as cash fed cattle prices declined $2.40 per cwt.
Beef packer margins jumped into the black last week while cattle feeders saw their margins improve $88 per head, according to the Sterling Beef Profit Tracker.
A $4 per cwt. rally in cash fed cattle prices reduced losses for fed cattle to less than $50 per head last week.
Already facing steep losses, cattle feeders saw their margins decline further in a dismal pre-Labor Day market.
Beef packers saw their margins jump $51 per head higher last week, ending with profits more than $83.