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The Sterling Beef Profit Tracker showed average feedyard margins falling $68 to $14 per head in the last week of February 2021, with cash fed cattle averaging $114 per cwt. Packer margins rose $33 to $430 per head as the beef cutout gained $4 to $239.19.
Lean hog finishing margins stayed solid after a three-week price rally.
Thinner cattle feeding margins reduce feedlot demand for feeder cattle and feed grains. Hog producers are better positioned, which supports hog demand for feed.
gerberandsons.comJaynie NormanMar 2, 2021Not 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.
