The government shutdown did little to dampen the enthusiasm drifting through the cattle markets.
Cattle feeders added a little powder and lipstick to closeouts this week, but the ugly continues to shine through.
Feedyard closeouts took a hit from last week’s $3 per cwt. decline in cash prices, but average margins remain above $77 per head.
The pain eased somewhat for cattle feeders last week, but losses remain more than $97 per head.
Chipotle Mexican Grill Inc closed a restaurant in Virginia because of a suspected norovirus outbreak among some diners that sent its shares lower on Tuesday as the chain works to bounce back from past food-safety lapses
Use the following Microsoft Excel spreadsheet, courtesy of Ken Rulon, to plug in your costs to compare conventional tillage and no-till.
Feedyard margins improved modestly last week - though still in the red - the result of lower feeder cattle prices calculated against closeouts.
Cash cattle prices may have been stuck in neutral last week, but cattle feeders saw an impressive gain in margins as the price of feeder cattle factored into closeouts dropped significantly.