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

Cattle prices have fallen and so are profits.

Last week’s $2 per cwt. decline in cash cattle prices left feedyard margins at near breakeven levels.

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.

Last week’s $2 rally in cash cattle prices helped narrow the spread between feedyard losses and packer profits.

Feedyard profit margins rebounded slightly after last week’s $2 rally in the cash fed cattle market.

Cattle feeding profit margins retreat further with a weaker cash market and limited packer interest.

Average cattle feeding losses totaled $106 per head for the week ending June 21.