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Packer profits fell sharply as the Comprehensive Cutout averaged $371.93 per cwt against $376.00 the prior week. Sterling's estimated beef packer margin dropped nearly $100 per head to $54.36 from $155.06, while feedlot losses moderated.
Shrinking packer margins limit how much packers can pay for fed cattle, pressuring cash cattle prices, while easing feedlot losses support placements.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.