Fed Cattle
Beef imports will continue to be supported by higher domestic beef prices and the reduction in U.S. processing beef supplies due to reduced cow slaughter.
Packers searching for cattle last week hinted at their looming predicament – showlists too small to utilize current industry capacity.
If there was an industry-wide BOLO system (be on the lookout), packers would have used it this week as they seek to build an inventory of market-ready cattle to fill their post-July 4th needs.
The PAC Summit for Industry Leaders will be held July 12, 2023, at the Holiday Inn in Kearney, Nebraska. The event features an exciting line-up of speakers and topics.
Attractive wholesale beef prices have encouraged packers to give up some inventory with aggressive slaughter numbers. Packers may need to get creative in the weeks ahead as numbers decline.
Cattle feeding margins jumped nearly $17 per head higher last week to average $196.50.
The increase in margins was the third consecutive weekly gain, leaving average profits above $230 per head.
After two weeks of losses, cattle feeding margins are back in the black.
Cattle feeders began the New Year with black ink on their closeouts, but profits were minimal
Whether you’re cattle feeder or packer, ledger sheets are full of red ink.
Cattle feeding margins declined $45 per head last week, leaving average per head losses at more than $77.
Cattle feeding margins improved nearly $25 per head last week, but average per head losses remain more than $32.
The pain eased somewhat for cattle feeders last week, but losses remain more than $170 per head.
It was another ugly week for cattle feeders.
Beef packers put away the red ink last week as they turned modest profits on every animal processed. Feedyard margins, however, slipped a little further away from positive.
Cash cattle prices dipped nearly 50 cents per cwt.
Cattle feeding margins declined nearly $53 per head last week, leaving average losses at $56 per head.
The financial pain of feeding cattle eased again last week, but losses remain more than $125 per head.
The pain eased somewhat for cattle feeders last week, but losses remain more than $97 per head.
Cattle feeding margins took another turn south last week after a nearly $4 per cwt. decline in fed cattle prices.
Cattle feeding margins took another tumble last week after a $1 per cwt. decline in fed cattle prices.
Cattle feeders added a little powder and lipstick to closeouts this week, but the ugly continues to shine through.
Last week saw dramatic improvement in cattle feeding margins, yet triple-digit losses remain.
A $6 per head decline in cattle feeding margins is tolerable, unless you were already losing $112.
Cattle feeding margins took two steps back last week as cash cattle prices hover around what producers hope are the summer lows.
Cattle feeders and beef packers are hoping the price lows are in for the summer as both operated at a loss last week.
Already facing steep losses, cattle feeders saw their margins decline further in a dismal pre-Labor Day market.
With cash fed cattle prices tumbling $6 per cwt. last week an increase in cattle feeding losses was certain.
Cattle feeding margins took another tumble last week as cash fed cattle prices declined $2.40 per cwt.