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

Feedyard margins declined $28 per head last week to total an average loss of $70 per head, according to the Sterling Beef Profit Tracker.

Feedyard margins dropped another $20 last week to total an average loss of $90 per head, according to the Sterling Beef Profit Tracker.

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

Cattle prices have fallen and so are profits.

Last week’s $2 per cwt. decline in cash cattle prices left feedyard margins at near breakeven levels.

Leverage shifting from feedyards to packers as summer begins.

Feedyard profit margins rebounded slightly after last week’s $2 rally in the cash fed cattle market.

Cattle feeding profit margins retreat further with a weaker cash market and limited packer interest.