Fed cattle prices continue to decline

Feedlot margins dropped significantly last week, from $284.85 per head down to $197.88 per head for the week ending August 16, says the Sterling Beef Profit Tracker’s latest report. The two-week skid came after margins topped out at $381.70 per head for the week ending August 2. The decline is well below the $280.55 per head price from a month ago, but significantly higher than this time last year when feedlot margins were losing $41.58 per head. Read more at Drovers CattleNetwork…