Cattle feeding margins improved $43 per head last week as cash prices gained nearly $2 per cwt.
Cattle feeding margins improved modestly on higher cash prices last week. Packer margins declined slightly.
Higher fed cattle prices ahead of the Thanksgiving holiday helped lift cattle feeding margins modestly.
Feedyards saw closeouts improve dramatically last week after the cash cattle market posted its third consecutive week of higher prices.
Cash cattle prices stubbornly steady to $1 higher gave a slight boost to feedyard margins and left packer margins nearly unchanged last week.
Industry-wide average cattle feeding margins improved last week, while pork producer margins declined.
For the first time since December, 2017, cattle feeding margins have exceeded packer margins in the Sterling Beef Profit Tracker.
Cattle feeders saw closeouts with an average profit of $58 per head last week, down modestly from the week before.