Cattle feeding margins declined by $80 per head last week as cash prices slumped $1 to $2 per cwt.
Cattle and hog finishing margins were headed in opposite directions last week, with lean hog prices enjoying a three-week rally while cattle prices were stuck in neutral for a second week.
Cattle feeding margins improved $43 per head last week as cash prices gained nearly $2 per cwt.
Cash cattle prices improved $1 per cwt., helping lift feeding margins to $118 per head, according to the Sterling Beef Profit Tracker.
Feedyards saw closeouts improve dramatically last week after the cash cattle market posted its third consecutive week of higher prices.
Cattle feeding margins improved modestly on higher cash prices last week. Packer margins declined slightly.
Cattle feeding margins were little changed from the previous week with modest profits. Hog feeding margins were boosted for a third week with another advance in lean carcass prices.