Feedyard profit margins rebounded slightly after last week’s $2 rally in the cash fed cattle market.
The disparity between packer and feeder margins remains relatively wide.
Market prices moved very little last week, but both sectors saw modest increases in their profit margins.
America’s cattle feeders earned an average of $323 on a cash basis for every steer and heifer they sent to market during the first eight months of 2017.
A $5 per cwt. drop in fed cattle prices produced a near $100 per head decline in feeding margins last week.
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.