Grainfed losses ease to $69/head in latest trading budget
While declining feeder cattle values have provided some relief, the recent kick in feedgrain prices has kept profitability well into the negative in Beef Central’s latest 100-day grainfed trading budget calculated yesterday, where our typical feeder steer registered a loss of $69.
Our latest trading budget has delivered a theoretical loss of $69 per head, based on our typical flatback feeder steer 450kg (see full list of variables at the base of this page) entering a downs custom feedlot today, and closing-out after 105 days on December 11.
