Both feeding and packing profit margins exceeded $100 per head last week with a $1 rally in the cash fed cattle trade.
Feedyard margins climbed back into triple digits last week with a $1 to $2 price rally.
Feedyards saw closeouts improve dramatically last week after the cash cattle market posted its third consecutive week of higher prices.
Average cattle feeding losses totaled $106 per head for the week ending June 21.
Cash fed cattle prices inched higher the last week of July, but cattle feeders struggle with heavy per head losses. Finished hog prices rallied $4 last week, cutting per head losses by 25%.
A rally in cash fed cattle prices helped boost average feedyard profits to $99 per head.
Cattle and hogs prices both moved higher last week and both enterprises posted profits on closeouts for the first time in several months.