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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.
Feedyard closeouts saw a $100 per head improvement last week, bringing losses under the $300 per head mark for the first time in months.
Last week’s $3 per cwt. decline in cash fed cattle prices dealt another cruel blow to feedyard closeouts.
Another miserable week left many in the cattle feeding business on the brink of financial ruin.
The crisis continues for America’s cattle feeders.
A $6-plus per cwt. gain in cash cattle prices produced a 20% improvement in feeding margins.
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