There are few losers in the cattle market right now. From packers all the way down to cow-calf producers, current prices this summer are turning profits far into what is typically a seasonal lull.
Cattle feeders saw positive margins on closeouts for the ninth consecutive week.
Cattle feeders turned a profit for the eighth consecutive week.
Feedlot closeouts continue ending on positive notes.
Cattle feeders earned average profits of $68 per head last week, $30 per head more than the previous week.
Normally when profit margins decline $50-plus per head there’s no rejoicing.