What a difference a year makes! No one will forget how out of balance cattle markets were in 2022 with margins steeply favoring the packer, while feedlots saw their margins shrink away into negative territory.  In fact, it was such a factor that we suffered through a year of misguided attempts to “fix” the market with all kinds of adjustments to cattle pricing.   However, in the past year, feedlot margins are up more than 1,300 percent, according to Sterling Beef Profit Tracker, going from $29.33/head in 2024 to $419.93/head last week. Last week’s highs were up from already high margins of $366.40/head the previous week and $278.73/head in mid-February. Packer margins, meanwhile, remained in the red with a -...

TAGS – Livestock, Asia, China, North America