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Cattle feeding margins eroded $62 per head last week, falling $35 into negative territory.
With cash cattle prices tumbling another $4 per cwt lower, cattle feeding margins fell accordingly.
Last week’s $2 per cwt cash cattle rally lifted feedyard margins to breakeven.
Last week’s $1 per cwt retreat in cash cattle prices took feedyard margins only modestly lower.
A $1 decline in average fed cattle prices and a $25 per head increase in the cost of feeder cattle pushed cattle feeding losses to $52 per head last week.
Cattle feeding margins slipped further into the red last week.