After briefly exceeding $400 per head, cattle feeding margins tumbled $75 last week, but the balance didn’t go to the packer as their losses increased. Pork margins held firm.
Fed cattle trade lower for first time since mid-April; feeder cattle, wholesale beef prices continue push higher. Holiday beef clearance called good among strong demand.
Cattle feeding margins exceeded $400 per head as cash prices improved $2 per cwt. and production costs declined modestly. Pork margins saw a slight decline but remain solidly above $40 per head.
USDA’s Food Safety and Inspection Service (FSIS) announced Friday that the H5N1 virus was discovered in meat from a single cull dairy cow as part of testing of 96 dairy cows.
