Not only was a record high price set but it blew the previous record out of the water.
Now is the time to consider rebuilding the herd, but holding onto cows could be risky.
Cash fed cattle traded at $113 per cwt. for the week, $2 lower. Cattle sold on a dressed basis at firm prices of $182 per cwt.
Beef and cattle prices dropped this past week, but it's still a profitable time to be in the beef industry.
Feeder cattle up 3rd straight session and lean hog contracts notch fresh highs.
Dramatically improving margins helped beef packers take command last week while cattle feeders saw closeouts fall further in the red.
Meaningful change isn’t accomplished overnight. More often, it happens slowly by chipping away piece by piece until something new suddenly takes shape.
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.