Cash cattle prices improved $1 per cwt., helping lift feeding margins to $118 per head, according to the Sterling Beef Profit Tracker.
The pain eased somewhat for cattle feeders last week, but losses remain more than $170 per head.
Beef packers put away the red ink last week as they turned modest profits on every animal processed. Feedyard margins, however, slipped a little further away from positive.
Record-high cash fed cattle prices helped boost cattle feeding margins over $280 per head last week.
Cattle feeders added a little powder and lipstick to closeouts this week, but the ugly continues to shine through.
Both feeding and packing profit margins exceeded $100 per head last week with a $1 rally in the cash fed cattle trade.
With cash fed cattle prices tumbling $6 per cwt. last week an increase in cattle feeding losses was certain.
Based on cash sales of $108.77, cattle closeouts lost an average of $90 per head the week ending March 15.