Packer margins have grown to exceptionally high levels in recent weeks, while feedyard profits have eroded.
Packer margins advanced on softer cash cattle prices and gain in the beef cutout prices.
Feedyard margins climbed back into triple digits last week with a $1 to $2 price rally.
Feedyard closeouts revealed profits of $92 per head last week after two weeks of losses.
Cattle feeding profits declined $50 per head last week while packer margins improved to more than $170.
Both cattle feeding and packer margins held firm at solidly profitable levels.