Indicators measuring America’s beef economy surged significantly higher during April. Six of the eight arrows pointed higher last month in Drovers’ index, as cash cattle prices continued a spring rally. Just one arrow points lower, while one points sideways. Key cattle prices saw improvement in all classes of cattle, with significant gains in fed cattle and yearling feeder cattle. Feedyard margins moved into positive territory for the first time since last August. The beef industry’s greatest economic concern remains negative margins in the packing sector. Packer margins declined from a negative $5.06 in March to a negative $40.65 during April. Estimates suggest feeding margins will remain positive through early summer, and that packer margins may be in the black for a brief time during May.