Cattle feeders and pork producers both saw higher cash prices for harvest-ready animals last week and margins improved accordingly. Packers continue to struggle with negative margins.
Cattle and hog feeders find dramatically lower feed costs compared to last year with higher live anumal sales prices. Beef packers continue to struggle with negative margins.
Cattle and hog feeders are benefitting from dramatically lower grain and feed costs this year while live animal sale prices are higher. Profit margins for both species have doubled in the past month.
The margin spread between packer losses and feedyard profits expands as wholesale beef prices continue their retreat. Pork producer profits continue increasing.
Packer and feeder margins continue trending in opposite directions as declining wholesale beef prices erase any improvement packers may have seen from lower cash cattle prices. Pork producer profits steady.
Last week’s rally to new record prices pushed packer and feeder margins in opposite directions. Pork producer margins continue higher with prices now above year ago.
Cattle feeding margins show improvement with higher prices. Beef packer losses remain in triple digits as market-ready supplies remain tight. Pork producer margins gain on higher prices.
