In this letter, we study the performance of multi-antenna relay networks with limited feedback beamforming in decode-and-forward (DF) relaying. Closed-form expression for both outage probability and symbol error rate are derived by using the moment generation function (MGF) of the combined signal-to-noise ratio (SNR) at the destination. Subjected to a total power constraint, we also explore adaptive power allocation between source and relay to optimize the performance. Simulations are given to verify the correctness of our theoretical derivations. Results show that the proposed adaptive power allocation solution significantly outperforms the uniform power allocation method.