After multiple weeks above $200 per head, feedlot margins fell last week to $132.28, according to the Sterling Profit Tracker. Last year at this time, feedlot margins were just $45 per head. Cash prices, however, continued climbing and reached $171.39 the week ending November 22, a nearly 25 percent increase from last year at this time.
The strong market in 2014 has proven especially profitable for cow-calf producers. Sterling Marketing, Inc., is projecting cow-calf margins to be $556 per cow in 2014 and $743 per cow in 2015.