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Cattle feeders turned a profit for the eighth consecutive week.
Cattle feeders saw positive margins on closeouts for the ninth consecutive week.
Last week’s $3 per cwt rally in cash fed cattle prices pulled feeding margins out of the red and cut beef packer profit margins by 20%.
Feedyard profit margins rebounded slightly after last week’s $2 rally in the cash fed cattle market.
Leverage shifting from feedyards to packers as summer begins.