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Cattle feeding margins gained only modestly, despite the fact feeder cattle factored into closeouts were $40 per head less than the previous week.

Last week’s $2 per cwt. rally in cash fed cattle prices helped feedyard closeouts improve nearly $100 per head.

A decline of $5 per cwt in cash fed cattle prices pushed cattle feeding margins $60 per head lower, leaving losses at $120 per head, according to the Sterling Beef Profit Tracker.

With cash cattle prices tumbling another $4 per cwt lower, cattle feeding margins fell accordingly.

A cash market rally helped add $62 per head to feedyard margins last week, ending with total average profits of $212 per head, according to the Sterling Beef Profit Tracker.

Cattle feeding profits declined $20vper head last week, yet closeouts remained $11 in the black.

Cattle feeding margins eroded $62 per head last week, falling $35 into negative territory.

The dog days of summer are here for cattle producers as red ink continues seeping into feedlot ledgers.

Feedyards are as close to breaking even on a cash basis as they’ve been during any point in the past 18 months.

Cattle feeders finally found profitability last week after cattle markets posted a $6 to $7 per cwt. rally.