# Profit Tracker: Feedlot Losses Plunge as Fed Steer Prices Drop

> 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.

- Date: 2026-11-12 · published 2026-11-12T15:09:05.500Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/95661-profit-tracker-feedlot-losses-plunge-as-fed-steer-prices-drop
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

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.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Sources

- drovers.com: https://www.drovers.com/markets/profit-tracker/profit-tracker-feedlot-losses-plunge-fed-steer-prices-drop

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.