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Cattle feeding margins declined despite cash prices that were steady across all regions. Packer margins improved with higher beef cutout prices.
Average feedyard closeouts improved last week as cash prices inched modestly higher.
Average feedyard closeouts continued to show solid profits on cattle marketed the final week of March.
Profit margins for cattle sold for slaughter last week declined $55 per head, according to the Sterling Profit Tracker.
Cattle feeding margins improved $16 per head last week as cash prices inched higher less than $1 per cwt.
Cattle feeding margins declined by $80 per head last week as cash prices slumped $1 to $2 per cwt.