Breakevens Remain Key in Determining Retained Ownership

Breakevens Remain Key in Determining Retained Ownership

John Nalivka

Drovers

Sterling Marketing’s estimate for April feeding margins fell sharply from March as the break-even price increased to $118 per cwt from $116 per cwt. These higher breakevens were judged against April’s five-area steer price average of $120 per cwt. Steer prices for the first four months of 2018 averaged $124 per cwt, compared to $122.52 per cwt for the same period a year ago.

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