Profit Tracker: Margins steady

Cattle feeders earned an average of $17 per head on cattle shipped to market last week, a gain of about $7 per head from the previous week. Cash cattle markets held relatively steady at $111 per cwt., while total costs of feeding a steer dipped $37 per head, according to the Sterling Beef Profit Tracker. Beef packers saw their margins slip $6 per head, but held on to very strong positive margins of $158 per head. Last week’s beef cutout price was $197, up $1 from the previous week. Read more…