Feedlots still in the red

Averaging in the mid $170s per hundredweight for the past seven weeks, fed prices continued to hover near annual highs last week. For the second half of July, this is the second highest price on record.

Despite historically strong prices, feedlot margins remain in the red. Based on the latest Canfax Trends report, steer and heifer calves placed in October and sold in July had on-average margins of negative $325 per head. Yearling steers and heifers placed in January and sold in July had on-average margins of negative $190 per head.

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https://www.producer.com/markets/canfax-report-382/