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Losses continue to mount for feedlots.

The red ink has started to slow down for feedlots and cattle prices have rallied lately, giving beef producers something to be thankful for.

Cattle feeders earned a small profit on cattle sold last week, the first positive closeouts in months.

Normally when profit margins decline $50-plus per head there’s no rejoicing.

Cattle feeders earned average profits of $68 per head last week, $30 per head more than the previous week.

Feedlot closeouts continue ending on positive notes.

Cattle feeders turned a profit for the eighth consecutive week.

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.