A year ago, feeders were in the red by $124.83, a far cry from last month’s $319.16 per head profit and last week’s jump to $381.70.
The following is portion of an article from Drovers CattleNetwork:
by Laura Mushrush, Assistant Editor
Feedlot margins are rockin’ and rollin’ with a $24.12 per head increase for the week ending August 2, says the Sterling Beef Profit Tracker’s latest report. A year ago, feeders were in the red by $124.83, a far cry from last month’s $319.16 per head profit and last week’s jump to $381.70.
Fed cattle prices also continue to climb, modestly to $164.58 per hundredweight, up $1.24 per hundredweight from the previous week. The climb has seen significant gains since sitting at $119 per hundredweight a year ago and $157.75 per hundredweight last month. After declining mid last month, feeder steers are back on the rise to $221.87 per hundredweight. The $8.62 per hundredweight increase from the previous week is slightly lower than the $214.32 per hundredweight price last week, but higher than a year ago when feeder cattle were selling for $151.24.
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Source: Drovers CattleNetwork
Posted by Haylie Shipp