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Cattle feeding margins improved by 50% over the past two weeks, and by 38% during the past week.
Last week’s $2 per cwt. rally in cash fed cattle prices helped feedyard closeouts improve nearly $100 per head.
It’s the best signal cattle feeders have seen in many months.
For the first time in over a year, average cattle feeding losses are out of triple digits, according to the Sterling Beef Profit Tracker.
The march toward break even for cattle feeders stumbled last week as average losses increased $36 per head, leaving closeouts $113 in the red, according to the Sterling Beef Profit Tracker.
Easter week produced a $3 per cwt. decline in fed cattle prices and a $73 erosion in cattle feeding margins.