# Profit Tracker: Feeders Sink to -$328/Head, Packers Turn Negative

> Unhedged feeding margins averaged -$328.45/head as 5-Area Direct Steer prices fell $4 to $223.65/cwt. Packer margins swung to -$3.65/head from $54.36 as the Composite Beef Cutout dropped $1 to $370.82/cwt.

- Date: 2026-11-04 · published 2026-11-04T21:07:01.235Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/80437-profit-tracker-feeders-sink-to-328-head-packers-turn-negative
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Negative feeder and packer margins reduce incentive to place or process cattle, which can tighten future supply but weighs on near-term cattle demand. Feed buyers may see slower feedlot placements.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Sources

- drovers.com: https://www.drovers.com/markets/profit-tracker/profit-tracker-feeders-sink-328-head-packers-turn-negative

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.