Beef's economic indicators showed improvement during October as key cattle prices moved higher and feedyard losses were reduced. Three of the eight indicators turned arrows higher for the month with one sideways arrow. The previous month found only one arrow pointing higher. Fed cattle, feeder cattle and calves all recorded gains during the month. Feedyards lost an average of $52.86 during October, which compares to losses of $101.53 during September. Grain prices moved significantly higher last month, driving production costs higher. Performance earned the lone sideways arrow as gains, feed conversion and cost of gain all remained manageable. Packer margins declined from nearly $35 per head to $19.68, earning a down arrow. The market is burdened by large beef supplies, but consumer demand remains strong.