Cattle and hog feeding operations saw their margins remain modestly profitable last week with little movement in cash prices. Both cattle and hog feeding margins are higher than last year at the same time.
Cattle feeding and packer profit margins were mostly steady the week ending December 21, with cash prices for fed cattle slightly higher.
Cattle feeding and packer profit margins both declined last week as cash cattle prices were modestly lower.
Cattle feeding profits improved for the third consecutive week as cash fed cattle prices gained $1 per cwt.
Feedlot closeouts averaged a profit of $22 per head last week, while packer margins remain above $200.
Cattle feeding profits improved with $1 per cwt. higher cash prices and lower feeder cattle prices calculated against last week's closeouts.
The fed cattle market has traded in a tight range at about $111 per cwt for the past six weeks, which results in cattle feeders losing an average of $50 to $60 per head.