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.
Higher fed cattle prices ahead of the Thanksgiving holiday helped lift cattle feeding margins modestly.
Cattle feeding profit margins exceeded beef packer margins last week for the first time in more than two years as cash cattle prices have increased 20% since September.
Cattle feeding margins slipped further into the red last week on soft cash prices, while packer margins climbed to extreme heights.
Cattle feeding profit margins retreat further with a weaker cash market and limited packer interest.
Sharply higher beef cutout values produced windfall profits for beef packers last week while cattle feeders saw closeouts with average losses about steady, according to the Sterling Beef Profit Tracker.
Cattle feeding losses increased the week ending April 11, as cash prices fell $6 per cwt. on soft packer demand for market-ready cattle.