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Cattle feeding margins took another tumble last week as cash fed cattle prices declined $2.40 per cwt.

Beef packer margins jumped into the black last week while cattle feeders saw their margins improve $88 per head, according to the Sterling Beef Profit Tracker.

A $4 per cwt. rally in cash fed cattle prices reduced losses for fed cattle to less than $50 per head last week.

Beef packers saw their margins jump $51 per head higher last week, ending with profits more than $83.

Cattle feeding losses nearly doubled last week as cash fed cattle prices declined another $2 per cwt.

Another miserable week left many in the cattle feeding business on the brink of financial ruin.

The crisis continues for America’s cattle feeders.

A $6-plus per cwt. gain in cash cattle prices produced a 20% improvement in feeding margins.

Cattle feeding margins improved by 50% over the past two weeks, and by 38% during the past week.

The adjectives have all been used to describe the despair that is cattle feeding. Last week was simply worse than the week before, which was a train wreck.