Beef’s economic indicators held relatively steady during August in Drovers’ monthly analysis of eight key industry segments. Cash cattle prices were unchanged from the previous month, as were most costs associated with feeding cattle, such as corn and hay. The steer-corn ratio declined slightly to 26.16 for the month, yet feedyard margins declined an average of $12 per head to end the month a dollar and change short of breakeven. The weeks ahead, however, are likely to produce further negative margins for both packers and feeders. Sterling Marketing projects feedyard losses will exceed $60 a head during September and $20 per head during October. Packers continue to struggle with negative margins due to soft consumer beef demand, a trend they hope will reverse with cooler weather and an improving overall U.S. economy.