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The Sterling Beef Profit Tracker reports average cattle feeding closeouts were in the black last week, but with little room to spare.
Cash cattle prices held steady during the week ended August 2, but cattle feeding margins improved $12 per head.
Cattle feeding margins improved last week after a $1 boost to cash fed cattle prices.
A mid-July rally across all regions lifted feedyard margins out of the red for the week ending July 13, and cut into the extreme profit margins packers have enjoyed most of the year.
Cattle feeding profit margins retreat further with a weaker cash market and limited packer interest.
Cash cattle prices were mostly steady last week, helping reduce cattle feeding losses by $46 per head. Packers maintain their leverage with profits at $275.