Feedlot Margins Continue to Soar

Written By Mike Opperman

An article on Drovers

Feeding margins improved last week with the 5–Area Direct Steer prices strengthened to average $259.70/cwt. for the week. Sterling estimated last week’s average feedlot margin at $453.78/head.

Excess packing capacity continues to be the pressing issue for packers with Sterling’s margin estimate at averaging -$253.51/head last week. Tight cattle numbers continues to be the pressing issue for packers. The closeout at Cargill’s Fort Morgan plant has reduced capacity enough to improve utilization with Sterling’s estimate bumping 81%.

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Mike Opperman https://www.blackdirtcommunications.com
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