Profit Tracker: Feedyard margins top $260

A $4 per cwt. rally in fed cattle prices pushed cattle feeding profit margins to $265 per head, a $55 bump from the previous week. Packers saw their margins drop $40 per head to $53. The increase in profits was nearly all due to the increase on price, as costs for feeder cattle placed against last week’s marketings were relatively steady, according to the Sterling Beef Profit Tracker. Feeder cattle calculated against last week’s fed cattle sales were priced at $145.50 per cwt., $0.73 per cwt. higher than previous week. Read more…