The following is portion of an article from Drovers CattleNetwork.
by Greg Henderson, Editor, Associate Publisher
Cattle feeding margins posted a $42 per head gain last week on cash sales at $120 per hundredweight. Per head losses, however, remain in excess of $150 per head, according to the Sterling Beef Profit Tracker.
Beef packers saw their margins improve more than $15 per head on the week to approach total profits of nearly $25 per head. The Sterling Beef Profit Quotient gained 131 points for the week and the industry profitability index is now negative 467, according to estimates developed by Sterling Marketing, Inc., Vale, Ore.
A year ago cattle feeders sold cash cattle at $112.53 per hundredweight, resulting in losses of $57.27 per head.
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Source: Drovers CattleNetwork
Posted by Haylie Shipp
