Margins between feeder and fat cattle prices have remained wide all spring. Since the middle of January, the difference has been roughly $8. Last year at this time, the margin was negative, amounting to about $2. This, taken as a measure of profitability, indicates that cattle feeders have been in a better position this year. The margin has now narrowed somewhat with the May and June drop-off in slaughter cattle prices.
Iowa Farm Science Editorial Board
Iowa Farm Science: Vol. 9
, Article 9.
Available at: https://lib.dr.iastate.edu/farmscience/vol9/iss1/9