It was another ugly week for cattle feeders.
A decline of $5 per cwt in cash fed cattle prices pushed cattle feeding margins $60 per head lower, leaving losses at $120 per head, according to the Sterling Beef Profit Tracker.
Meaningful change isn’t accomplished overnight. More often, it happens slowly by chipping away piece by piece until something new suddenly takes shape.
With cash cattle prices tumbling another $4 per cwt lower, cattle feeding margins fell accordingly.
Feeding margins continue to shrink as cattle prices retreat.
Mexico expands imports as Vilsack joins Mexico's Secretary of Agriculture and Canada's Minister of Agriculture and Agri-Food in Mexico City.
In light of the auspicious price performance of fed cattle in 2017’s fourth quarter, feeder cattle prices also have increased but kept within the bounds of gains seen in recent years.
Several reports were not available, including the World Agriculture Supply and Demand Estimates, Quarterly Grain Stocks, Winter Wheat and Canola Seedings and weekly export sales.