Time to put on your suit and tie or that pretty dress and hit the town. Upscale dining in the city means two things: a beautiful night out and marvelous food with friends, family or that special someone.
The two-week skid came after margins topped out at $381.70 per head for the week ending August 2. The decline is well below the $280.55 per head price from a month ago, but significantly higher than this time last year when feedlot margins were losing $41.58 per head.Fed cattle prices continue to decline, dropping to $154.69 per hundredweight last week.he two-week skid came after margins topped out at $381.70 per head for the week ending August 2. The decline is well below the $280.55 per head price from a month ago, but significantly higher than this time last year when feedlot margins were losing $41.58 per head.
Therefore, a $1-per-hundredweight increase in the expected selling price of a finished steer would cause a buyer to bid $2.40 per hundredweight more for a 500-pound feeder calf or $1.60 more for a 750-pound steer.The cost of finishing the calf will also affect the price of the feeder.ach $1 change in the cost of gain will raise or lower the price finishers can pay by $1.40 for a 500-pound calf and $0.64 for a 750-pound feeder. Table 2 shows the break-even purchase prices that could be paid for a 550-pound steer given alternative fed-cattle prices and cost of gain.