Choice steer prices have increased by nearly seven dollars per hundredweight in the United States and pushed beef packers into losses of $50.58 per head, reported Sterling Marketing.,
Choice steers cost $227.90 per hundredweight.
That was good news for feedlots which made an average of $272.06 per head. Earlier this month they were making $163.37 per head
The increase in cash cattle prices pushed estimated feedlot margins to an average $272.06 per head for the week, up from $109.82 per head the prior week.
