An F1 tornado didn't stop the sale of 339 Show-Me-Select replacement heifers. As a storm warning covered southwestern Missouri, the sale went on. It averaged $1,714 at Joplin Regional Stockyards, May 19.
U.S. beef production is projected to be lower than originally expected for 2014.
After hitting a low price of $97.75 per cwt in mid-October, cash fed cattle prices rallied $13 per cwt by the end of November, a 12% increase.
Cattle feeding margins declined $45 per head last week, leaving average per head losses at more than $77.
The pain eased somewhat for cattle feeders last week, but losses remain more than $97 per head.
Whether you’re cattle feeder or packer, ledger sheets are full of red ink.
Meaningful change isn’t accomplished overnight. More often, it happens slowly by chipping away piece by piece until something new suddenly takes shape.
Average cash cattle feeding margins remain more than $235 per head.