It was another ugly week for cattle feeders.
Fed cattle traded steady to $1 higher, supported by gains in CME futures. Feeder cattle were steady to $4 higher.
Cattle feeding margins declined $45 per head last week, leaving average per head losses at more than $77.
Cattle and calves on feed for slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 10.8 million head on Oct. 1, 2010.
The pain eased somewhat for cattle feeders last week, but losses remain more than $170 per head.
By the numbers, cattle producers with summer stockers and cow-calf operations should be experiencing a bit less stress about the market this year.
U.S. Cattle on Feed Down 3%
Wildfires have burned wide swaths of the western U.S. the past week forcing evacuations of communities, cattle to move pastures and highway closures.