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Last week’s $4-plus rally in cash fed cattle prices cut average feedyard losses in half, leaving the red ink totaling $90 on every animal shipped.
Last week’s market rally helped feedyards erase much of their red ink, but not all.
Feedyard margins saw only slight improvement last week as direct trade prices held steady.
The red ink has started to slow down for feedlots and cattle prices have rallied lately, giving beef producers something to be thankful for.
Cattle feeders earned a small profit on cattle sold last week, the first positive closeouts in months.