Cash fed cattle prices ended last week $10 per cwt. lower than last year while the beef cutout closed $16 higher than the same week a year ago. The result? Packer margins $314 per head more than last year.
Cattle feeding margins improved nearly $25 per head last week, but average per head losses remain more than $32.
Losses averaged $3 per head last week after profits exceeded $50 per head the week before, according to the Sterling Beef Profit Tracker.