Greg Henderson

Greg Henderson is Editorial Director of Drovers.

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A $1 decline in average fed cattle prices and a $25 per head increase in the cost of feeder cattle pushed cattle feeding losses to $52 per head last week.
Cattle feeding margins slipped further into the red last week.
A decline of $5 per cwt in cash fed cattle prices pushed cattle feeding margins $60 per head lower, leaving losses at $120 per head, according to the Sterling Beef Profit Tracker.
With cash cattle prices tumbling another $4 per cwt lower, cattle feeding margins fell accordingly.
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.
Feedyard margins improved last week despite a $3 per cwt. decline in cash cattle prices.
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.
Losses continue to mount for feedlots.
Cattle feeders earned a small profit on cattle sold last week, the first positive closeouts in months.