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Negotiated cash cattle averaged $204.12/cwt for the week ending Jan. 18, and feedlot margins fell $55 per head to $248.51.
Farrow-to-finish hog producers earned $28.74 per head, up $2.56 from the prior week. Lean carcass hog prices averaged $81.79/cwt.
Strong feeder and hog margins encourage producers to keep herds and feed steadily. Higher feed costs for cattle are narrowing feedlot profits.
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.