Our latest report from Sterling Beef Profit Tracker shows a big improvement in feedlot margins, although they're still in the red, fed and feeder steers holding price levels fairly well, and packer margins still pretty well in black ink.

Feedlot margins from the previous week were $149 per head, versus just under $12 per head in this latest report.

Oklahoma City feeder steers were averaging almost $226 per cwt. in the latest report and cash pricing for Texas-Oklahoma Choice steers was a little above $151 per cwt.

Here's the breakdown: