Beef's economic indicators during November were identical to those recorded the previous month. However, key cattle prices moved higher during November, strengthening profit margins for all producer segments. Three of the eight indicator arrows point higher with one sideways arrow. Fed cattle, feeder cattle and calves all recorded gains during the month. Feedyards lost an average of $39.43 per head last month, which compares with losses of $101.53 during September. Grain prices continue moving slightly higher, driving the cost of production higher. Performance and margins earned the lone sideways arrow as gains, feed conversion and cost of gain all remained manageable. Packer margins continue to decline, ending November at $16.22 per head.