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A $6 per head decline in cattle feeding margins is tolerable, unless you were already losing $112.

Cattle feeding margins took two steps back last week as cash cattle prices hover around what producers hope are the summer lows.

Cattle feeders and beef packers are hoping the price lows are in for the summer as both operated at a loss last week.

Cattle feeding margins took another tumble last week as cash fed cattle prices declined $2.40 per cwt.

Beef packer margins jumped into the black last week while cattle feeders saw their margins improve $88 per head, according to the Sterling Beef Profit Tracker.

A $4 per cwt. rally in cash fed cattle prices reduced losses for fed cattle to less than $50 per head last week.

Beef packers saw their margins jump $51 per head higher last week, ending with profits more than $83.

Cattle feeding losses nearly doubled last week as cash fed cattle prices declined another $2 per cwt.

Already facing steep losses, cattle feeders saw their margins decline further in a dismal pre-Labor Day market.

Unfortunately, yes.