Indicators measuring America’s beef economy turned significantly higher during March. Five of the eight arrows pointed higher last month in Drovers’ index. Just two of the arrows point lower, while one points sideways. Key cattle prices led the way with improvement in all classes of cattle and significant gains in calves and light grazing cattle. The industry’s greatest economic concern is negative margins in both the feeding and packing sectors, but feeding margins improved significantly during March. Estimates suggest feeding margins will be in the black by May. Packer margins are expected to decline during the next two months. The arrow for production costs points lower due to increasing feed costs, but those costs remain manageable. Cattle-on-feed numbers declined, as did placements.