April cattle feeding returns calculated by the Livestock Marketing Information Center (LMIC) soared over $300 per head in April as live steers in the 5-area recorded record-breaking highs at mid-month. Live steer prices hit a new daily high of $182.86/cwt., more than $10 higher than the previous daily high of $172.08/cwt. that was recorded back in late November 2014. Nearly all of April recorded prices above that previous record, LMIC said.
The monthly simple average calculated in Dodge City (price used in the LMIC calculation) for Choice fed steers was $173.43/cwt., equivalent to what…
