Greg Henderson

Greg Henderson is Editorial Director of Drovers.

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A California man has shown that ghost cattle are unnecessary to create a Ponzi scheme, just ghost manure. Or, at least, ghost manure digesters.
Cattle feeding margins declined despite cash prices that were steady across all regions. Packer margins improved with higher beef cutout prices.
Profit margins for cattle sold for slaughter last week declined $55 per head, according to the Sterling Profit Tracker.
Cash cattle prices $3 to $4 lower means cattle feeding margins declined another $33 per head last week.
Cattle feeding margins are rapidly declining as cash cattle prices retreat from spring highs
A $3 per cwt retreat in cash cattle prices pushed cattle feeding margins $67 per head lower.
Cattle feeding margins improved $57 per head last week, due primarily to lower prices paid for incoming feeder cattle against last week’s marketings.
Cattle feeding margins declined by $80 per head last week as cash prices slumped $1 to $2 per cwt.
Cattle feeding margins improved $43 per head last week as cash prices gained nearly $2 per cwt.
Cattle feeding margins improved $16 per head last week as cash prices inched higher less than $1 per cwt.