Slaughter numbers approached year-ago levels for the week as beef packers are operating at near-capacity and wholesale beef prices continue lower.
Cash cattle prices have declined for several weeks, and the looming question for feeders this week is if $115 is the bottom?
Cattle harvest is now approaching 660,000 head and with added carcass weights the amount of beef production is growing rapidly.
Cash fed cattle prices retreated $7.77 per cwt. last week. As a result, closeouts added another $75 of red ink.
Cash fed cattle prices retreated $7.77 per cwt. last week. As a result, closeouts added another $75 of red ink. It was a disappointing setback, as closeouts were as close to break even as they had been in more than a ye
After slicing more than 50% off the monstrous losses found a month ago, cattle feeders saw their margins slip $43 per further into the red last week with $2 per cwt. lower bids.
Cash cattle trade was like a roller coaster ride with disappointing downs, and faith restoring gains for the north.
Easter week produced a $3 per cwt. decline in fed cattle prices and a $73 erosion in cattle feeding margins.