It seems when people are learning English, there are a number of verbs they are first taught cannot take the progressive, the -ing form.
Then, when their English becomes more advanced, they learn that these verb (liking, loving, feeling, being) CAN take the -ing form when you want to emphasize that the situation is CURRENT and likely to change.
You are BEING a jerk is different from You ARE a jerk becuase I mean that only at this very moment are you are jerk. You are not usually.
I am LOVING this salmon dish - Usually I don't like salmon, but this is great. Right now, I am really enjoying it.
It's the same with She is feeling happy. At this very moment, that's how she is. Maybe she's been a bit sad lately, but knowing that there will be friends and cake at John's house later is making her feel a bit happier right now.