Calculated breakeven prices for cattle shipped from feedyards last week were $170.12, according to Sterling Marketing, Vale, Ore.
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Cattle feeding margins took another tumble last week after a $1 per cwt. decline in fed cattle prices.
Through Thursday, the 5-area average price for slaughter steers sold on a live weight basis was $118.94/cwt, up 94 cents from last week's average, but down $29.54 from a year ago.
Fed cattle prices set new record highs this week.
This weeks marketing outlook on cattle prices.
Friday's cattle on feed report was a bit bearish as placements were higher than pre-release trade estimates and marketings were lower.