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Cattle feeding and packer profit margins both declined last week as cash cattle prices were modestly lower.
Cattle feeding margins improved $16 per head last week as cash prices inched higher less than $1 per cwt.
Cattle feeding margins improved $43 per head last week as cash prices gained nearly $2 per cwt.
As expected, beef packer margins jumped wildly higher the week ending Aug. 17, while cattle feeding margins slipped into the red.
Packer margins advanced on softer cash cattle prices and gain in the beef cutout prices.
Packer margins have grown to exceptionally high levels in recent weeks, while feedyard profits have eroded.