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Cattle feeders finally found profitability last week after cattle markets posted a $6 to $7 per cwt. rally.

Cattle feeders turned a tidy profit last week despite a $2 retreat in cash cattle prices.

Feedyard margins remained about $150 per head last week despite a $6 per cwt. retreat in cash cattle prices.

Most analysts expected feedyards to be near breakeven by the time the calendar turned to May. May is here and the underperforming cash fed cattle market has kept feedyards struggling.

Last week’s $2 per cwt cash cattle rally lifted feedyard margins to breakeven.

Last week’s $1 per cwt retreat in cash cattle prices took feedyard margins only modestly lower.

A $1 decline in average fed cattle prices and a $25 per head increase in the cost of feeder cattle pushed cattle feeding losses to $52 per head last week.

Cattle feeding margins slipped further into the red last week.

Feedyard margins improved last week despite a $3 per cwt. decline in cash cattle prices.

Cattle feeders turned a tidy profit for the second consecutive week.