Cattle prices are up, but beef prices are down.
Live cattle traded for $160 to $161 to end last week, while beef prices were up from the previous week.
Cattle prices have been put on ice with markets falling off a bit.
The march toward break even for cattle feeders stumbled last week as average losses increased $36 per head, leaving closeouts $113 in the red, according to the Sterling Beef Profit Tracker.
Beef packer margins jumped into the black last week while cattle feeders saw their margins improve $88 per head, according to the Sterling Beef Profit Tracker.
As many may have noticed, cost of vitamins A and E have increased over the past few months, and subsequently, mineral supplements that include vitamins A and E.
Meaningful change isn’t accomplished overnight. More often, it happens slowly by chipping away piece by piece until something new suddenly takes shape.