Feedyard profit margins rebounded slightly after last week’s $2 rally in the cash fed cattle market.
Cattle feeders saw positive margins on closeouts for the ninth consecutive week.
Cattle feeders turned a profit for the eighth consecutive week.
Feedlot closeouts continue ending on positive notes.
Cattle feeders earned average profits of $68 per head last week, $30 per head more than the previous week.
Normally when profit margins decline $50-plus per head there’s no rejoicing.
Cattle feeders turned a tidy profit for the second consecutive week.
Cattle feeders earned a small profit on cattle sold last week, the first positive closeouts in months.
