Cash fed cattle prices were called $2 to $3 per cwt. lower for the week.
This month's cattle on feed report noted 2.6% more cattle in 1,000 head capacity feedlots than last August 1.
By the numbers, cattle producers with summer stockers and cow-calf operations should be experiencing a bit less stress about the market this year.
Meaningful change isn’t accomplished overnight. More often, it happens slowly by chipping away piece by piece until something new suddenly takes shape.
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.
April placements up 11.0 pct vs year ago, while May 1 feedlot cattle at 102.0 pct of year ago.