11/12/26 Afternoon CommStock Report – Years Ending in 6 are Historically the Worst in Cattle Feeding…It is 2026.

The Commstock Report is a twice daily market report. 11/12/2026 Years Ending in 6 are Historically the Worst in Cattle Feeding…It is 2026. PLEASE REFER TO THE BROKER COMMENTARY PAGE FOR UPDATES!! Click Above to Watch Brian’s Afternoon Market Update Part 2 of 2 2026 was different. First off feedlot profits had been phenomenal, setting records this cycle but so has the dramatic swing in feedlot margins resulted in a record $850 head decline (high to low) from peak profitably to recent market lows. Feedlots recorded some record market loses of $340 head. Now let’s look at the recent record from Farmdocdaily on net profitability of feeding steers specifically in Kansas since the 2016 cycle low: There is a lot of red on that chart. Iowa was marginally better. I have been told that bedded barns in Iowa have a $30-$35 head cost-of-gain advantage over an open pen in KS. The barns improve feedlot performance in the heat of the summer. Looking back at 2016 there was a lot of red. Someone has calculated that over the course of periods of time that feeding cattle had been a net breakeven exercise. There were a number of years when closeouts swung from $50…