Greg Henderson

Greg Henderson is Editorial Director of Drovers.

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Cattle feeders began the New Year with black ink on their closeouts, but profits were minimal
Cattle feeding margins declined nearly $53 per head last week, leaving average losses at $56 per head.
The financial pain of feeding cattle eased again last week, but losses remain more than $125 per head.
The pain eased somewhat for cattle feeders last week, but losses remain more than $97 per head.
Cattle feeding margins took another turn south last week after a nearly $4 per cwt. decline in fed cattle prices.
Cattle feeding margins took another tumble last week after a $1 per cwt. decline in fed cattle prices.
Cattle feeders added a little powder and lipstick to closeouts this week, but the ugly continues to shine through.
Last week saw dramatic improvement in cattle feeding margins, yet triple-digit losses remain.
A $6 per head decline in cattle feeding margins is tolerable, unless you were already losing $112.
Cattle feeding margins took two steps back last week as cash cattle prices hover around what producers hope are the summer lows.