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Uncharted territory. That’s where America’s cattle feeding industry finds itself as fed cattle lose $611 per head.
Feedyard closeouts saw a $100 per head improvement last week, bringing losses under the $300 per head mark for the first time in months.
Another miserable week left many in the cattle feeding business on the brink of financial ruin.
After slicing more than 50% off the monstrous losses found a month ago, cattle feeders saw their margins slip $43 per further into the red last week with $2 per cwt. lower bids.
A $6-plus per cwt. gain in cash cattle prices produced a 20% improvement in feeding margins.