Greg Henderson

Greg Henderson is Editorial Director of Drovers.

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Last week’s market rally helped feedyards erase much of their red ink, but not all.
Feedyard margins improved last week despite a $3 per cwt. decline in cash cattle prices.
Cattle feeders turned a tidy profit for the second consecutive week.
Cattle prices have fallen and so are profits.
Last week’s $2 per cwt. decline in cash cattle prices left feedyard margins at near breakeven levels.
Feedlot closeouts continue ending on positive notes.
Cattle feeders turned a profit for the eighth consecutive week.
Cattle feeders saw positive margins on closeouts for the ninth consecutive week.
Feedyard margins declined $28 per head last week to total an average loss of $70 per head, according to the Sterling Beef Profit Tracker.
Feedyard margins dropped another $20 last week to total an average loss of $90 per head, according to the Sterling Beef Profit Tracker.