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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.

Calling losses of $193 per head an improvement may be painful, but it’s accurate.

The Sterling Beef Profit Tracker reports average cattle feeding closeouts were in the black last week, but with little room to spare.

Last week’s $4-plus rally in cash fed cattle prices cut average feedyard losses in half, leaving the red ink totaling $90 on every animal shipped.

Last week’s market rally helped feedyards erase much of their red ink, but not all.