Kansas cropland values are slipping, but pasture values up nearly 7 percent.
Cattle feeding profits improved for the third consecutive week as cash fed cattle prices gained $1 per cwt.
Last week’s $1 per cwt retreat in cash cattle prices took feedyard margins only modestly lower.
A $1 decline in average fed cattle prices and a $25 per head increase in the cost of feeder cattle pushed cattle feeding losses to $52 per head last week, according to the Sterling Beef Profit Tracker.
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.
U.S. feedlots unexpectedly increased the number of cattle purchased in December compared with a year earlier, a government report showed.
Meaningful change isn’t accomplished overnight. More often, it happens slowly by chipping away piece by piece until something new suddenly takes shape.
Cattle feeding margins declined $45 per head last week, leaving average per head losses at more than $77.