Our latest version of the Sterling Beef Profit Tracker shows gyrations throughout the cattle markets the past few days have again altered profit/loss projections.
Feeder steers climbed in price a bit more, along with projected feed costs for new placements. Calculated breakeven for new placements also crept up a bit more.
Feedlot margin improved by nearly $100 from the previous weekly index, but continues showing serious red ink.
Here is the latest report: