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.
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.
Live cattle sales averaged $4 per hundredweight higher last week with relatively steady total feeding costs, according to the Sterling Beef Profit Tracker.
