Cattle feeders began the New Year with black ink on their closeouts, but profits were minimal
With cash cattle prices tumbling another $4 per cwt lower, cattle feeding margins fell accordingly.
Packers have held leverage over cattle feeders for several weeks now and have been able to push prices lower.
Last week’s $4-plus rally in cash fed cattle prices cut average feedyard losses in half, leaving the red ink totaling $90 on every animal shipped.
An overwhelming majority of beef producers in Missouri voted down a proposed state beef checkoff.
Meaningful change isn’t accomplished overnight. More often, it happens slowly by chipping away piece by piece until something new suddenly takes shape.
This week's fed cattle prices were the highest since early January.
This weeks marketing outlook on cattle prices.