A SOFTENING in feeder steer prices over the past week has pushed margins on 100-day grainfed cattle a little closer to breakeven – but the numbers remain mostly in the red, for the timebeing.
Beef Central’s latest grainfed trading budget calculated this morning, using our standard set of variables (see description at base of page) is based on 100-day cattle going on feed this week, and closing-out at the end of May.
The three weeks of wet weather in January and early February saw feeder prices spike sharply as supply fell short of requirements, through weather disruptions – causing…
