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Despite the decline in feeding margins, feedyard profits remain above $186 per head.
Record cash fed cattle prices last week at $171 - $172 per cwt. boosted cattle feeding margins $22 per head, according to the Sterling Beef Profit Tracker.
Cattle feeding margins declined $52 per head last week despite steady cash prices.
Cattle feeders saw profits climb to $213 per head after slipping to $175 per head the week before.
Profit margins declined just $4 per head last week, but are $9 per head higher than a month ago, according to the Sterling Beef Profit Tracker.
Beef packers saw modest improvement to their long-running negative margins.