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Calling losses of $193 per head an improvement may be painful, but it’s accurate.

Feedlot closeouts continue ending on positive notes.

Cattle feeders turned a profit for the eighth consecutive week.

Cattle feeders saw positive margins on closeouts for the ninth consecutive week.

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.

Average cattle feeding losses totaled $106 per head for the week ending June 21.

Cattle prices have fallen and so are profits.