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Cattle feeders are enduring record losses

2015-11-28 01:53:00| Beef

This year is the worst ever in terms of cattle feeder profitability, according to the Livestock Marketing Information Center. "October 2015 cattle feeding margins were negative by over $500 per head and could easily continue in the red until at least January 2016 (basis High Plains Cattle Feeding Simulator)," say analysts with USDA's Economic Research Service. "These negative margins will likely exert even more downward pressure on feeder cattle prices, as well as on cow prices, and could temper enthusiasm for what has appeared to be a rapid buildup in U.S. cow inventories. read more

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