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Calling losses of $193 per head an improvement may be painful, but it’s accurate.
Feedyard profit margins rebounded slightly after last week’s $2 rally in the cash fed cattle market.
Cattle feeding profit margins retreat further with a weaker cash market and limited packer interest.
Average cattle feeding losses totaled $106 per head for the week ending June 21.
The Sterling Beef Profit Tracker reports average cattle feeding closeouts were in the black last week, but with little room to spare.
Cattle feeding and packer profit margins were mostly steady the week ending December 21, with cash prices for fed cattle slightly higher.