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Cattle feeding margins rose about $83 to $85 per head to an average profit of $375 for the week ending May 18, as cash fed cattle rallied about $3. Beef packer losses narrowed to $98 per head, and pork packer margins stayed above $40 for a fourth week.
Improved feeder margins and higher cutouts indicate strong cattle demand and support fed cattle prices, while lower total feed costs help sustain feedlot profitability.
drovers.comMay 21, 2024Not enough comparable past events yet for a historical read.
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.
