Fed cattle prices are higher for the second week in a row.
By the numbers, cattle producers with summer stockers and cow-calf operations should be experiencing a bit less stress about the market this year.
The Farmington Show-Me-Select replacement heifer sale is the newest of six fall sales statewide. Consignors are building reputations with their fourth sale, Dec. 8.
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.
Profits rose $22 per head last week, marking the 36th consecutive week of positive margins.
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 slipped further into the red last week.
U.S. beef exports through August are down form 2018's record pace, yet exports still account for 14% of total U.S. beef production.