Cattle feeding breakevens soared for cattle placed in July, according to the Livestock Marketing Information Center (LMIC). Cattle that close out in January will need an estimated closeout price exceeding $188/cwt. to generate profits.
Feeder steer prices have been the primary drivers to the cattle feeding return breakevens’ steady climb, LMIC noted. Feeder steers in Dodge City have increased since December of last year, jumping from $172 to the $180s, then the $190s, and are now at $242/cwt. in July, a 40% increase in eight months. During that time, breakeven prices have increased 27%.
On…
