Fed cattle prices fell on a live basis and beef prices also saw a slight decrease.
Now is the time to consider rebuilding the herd, but holding onto cows could be risky.
Beef and cattle prices dropped this past week, but it's still a profitable time to be in the beef industry.
The financial pain of feeding cattle eased again last week, but losses remain more than $125 per head.
Profit margins for both beef and pork producers moved slightly higher last week, ending a month-long downward trend. Both sectors remain solidly profitable.
Meaningful change isn’t accomplished overnight. More often, it happens slowly by chipping away piece by piece until something new suddenly takes shape.
There are few losers in the cattle market right now. From packers all the way down to cow-calf producers, current prices this summer are turning profits far into what is typically a seasonal lull.
Packers have held leverage over cattle feeders for several weeks now and have been able to push prices lower.