Indicators of the beef industry economy recorded solid improvements from last month thanks to unexpected beef demand. Cattle prices moved higher while feed costs remained at relatively low levels. Cattle feeding margins were in the black while stocker and feeder cattle continued to find strong demand relative to supply. Of the beef industry's eight economic indicators measured in Drovers' analysis, seven of the eight arrows point higher once again. Competitive meats earned the only down arrow during March as poultry and pork production was up. Meanwhile beef demand was up with wholesale and retail prices reaching new heights. Cost of production will remain low during the second quarter but feeder breakevens will be threatened in the coming months due to heavy placements of expensive calves.