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Beef packer margins turned positive for the week ending Nov. 7, averaging $5.87 per head after a -$3.65 week earlier, as Choice steer prices eased to $215.21 per cwt.
Feedlot margins remained deeply negative, averaging -$439.62 per head.
Cheaper cattle help packers but feedlot losses signal weaker cattle placements ahead, which can reduce feed demand over time. Routine margin data moves price expectations only modestly.
meatingplace.comTom JohnstonNov 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.
