Loading…
Choice steer prices averaged $215.21 in the first week of November, down from $223.65 the prior week. Sterling estimated unhedged feedlot margins at -$439.62 per head, down $100 from a week earlier, with feeder cattle prices lower by nearly $17/cwt.
Deeply negative feedlot margins reduce cattle placements and feeding intensity over time, which lowers feed grain and meal demand from US feedlots. Weaker cattle prices point to bearish live cattle and feeder cattle pricing.
drovers.comNov 12, 2026Not 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.
