HDRider
Well-known member
Know how much profit you make per head.
Gains in cash cattle prices did not translate into higher profits for feedyards last week. Cattle traded at $116, about $1 higher, but feedyard margins declined $35 per head to a modest average profit of $24, according to the Sterling Beef Profit Tracker. The decline was due to higher feeder cattle prices calculated against last week's closeouts.
Packer margins also slipped modestly, but packer profits still totaled an average of $363 per head. The packer/feeder margins spread was $339, about $1 higher than the previous week.
A year ago cattle feeders found profits of $39 per head on closeouts the third week in November, while packers saw profits of $224, for a spread of $185.
https://www.drovers.com/article/profit-tracker-feedyard-packer-margins-slip-lower
https://cdn.farmjournal.com/s3fs-public/inline-files/Beef%20tracker%20112619.pdf
Gains in cash cattle prices did not translate into higher profits for feedyards last week. Cattle traded at $116, about $1 higher, but feedyard margins declined $35 per head to a modest average profit of $24, according to the Sterling Beef Profit Tracker. The decline was due to higher feeder cattle prices calculated against last week's closeouts.
Packer margins also slipped modestly, but packer profits still totaled an average of $363 per head. The packer/feeder margins spread was $339, about $1 higher than the previous week.
A year ago cattle feeders found profits of $39 per head on closeouts the third week in November, while packers saw profits of $224, for a spread of $185.
https://www.drovers.com/article/profit-tracker-feedyard-packer-margins-slip-lower
https://cdn.farmjournal.com/s3fs-public/inline-files/Beef%20tracker%20112619.pdf