Indicators measuring America’s beef economy slumped through February, leaving producers with a mixed outlook for the coming months. Just three of the eight arrows in Drovers’ index point higher, yet just two point lower. Three of the arrows are locked in a sideways position. Key cattle prices were mixed last month, with calf prices higher, but fed cattle and feeder cattle lost ground. The industry’s greatest economic concern remains negative margins in both the feedyard and packing sectors. Cattle feeders saw a $30 per head improvement in margins last month, yet they’re still $42 short of breakeven. Breakeven margins neared the $95 per hundredweight level during February but should decline to the $90 level by March. Packers lost $37 on every animal processed during February.