Last week's $2 fed cattle rally lifted feedyard margins into the black.
After two weeks of losses, cattle feeding margins are back in the black.
Cattle feeders saw closeouts with an average profit of $58 per head last week, down modestly from the week before.
Sharply lower cash cattle prices erased $100 per head from closeout profit margins last week and left cattle feeders re-evaluating ideas of a spring rally.
Despite an average $1 decline in cash fed cattle prices last week, cattle feeding margins remained solidly profitable on a cash basis.
Feedlot closeouts averaged a profit of $22 per head last week, while packer margins remain above $200.
Cattle feeding margins declined $34 per head last week as cash cattle prices fell $2 per cwt. , leaving closeouts $5 per head in the red.
Average cattle and hog finishing margins are both positive for the third consecutive week, according to calculations in the Sterling Marketing Profit Tracker.