Beef Profit Tracker: Feedlot Margins Down $125/head

ZISK
5 minutes ago
1 min read

With break-evens for cattle on the current show lists and Choice steer prices under pressure, feedlot margins last week were down $125/head from the previous week and the lowest since the first week of March.

Estimated break-evens for Sterling feedlot margins for current marketings are ranging around $2.05 with feeder cattle at $2.94 /cwt. and corn at $4.60/bu. when these cattle were placed in April.

Packer margins gained somewhat with lower prices for purchased cattle (5-Area Choice Steer @ $230.45/cwt.) but remain well into the red at - $170.55/head.

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