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.
Feedyard margins climbed back into triple digits last week with a $1 to $2 price rally.
Feedyard closeouts revealed profits of $92 per head last week after two weeks of losses.
Remaining cattle feeding profits were erased last week with a $4 decline in the cash market.
Both cattle feeding and packer margins held firm at solidly profitable levels.
Steady to $1 higher cash fed cattle prices upped cattle feeding margins $20 per head to $194, according to the Sterling Beef Profit Tracker.
Cattle feeding margins held firm last week while packer margins more than doubled.
A $2 per cwt. dip in cash cattle prices cut $32 of closeout margins last week, but added $46 to packer margins.