Losses continue at record highs in September grainfed trading budget

LOSSES forecast in Beef Central’s latest 100-day grainfed trading budget calculated this morning remain at record-equalling levels, suggesting a red-ink figure of $114 on a typical feeder steer going on feed today and exiting the feedyard after 105 days in mid-January. It matches the previous record loss reported in our last breakeven calculation made back on September 1, and an earlier forecast back in April. The graph published here, plotting profitability in our regular 100-day trading forecasts dating back to 2011, shows a dramatic turn of events in terms of forecast outcome since September last year. Losses forecast since September…

Source: Beef Central
Losses continue at record highs in September grainfed trading budget