Margins across the pork industry were little changed last week compared to the previous week with Sterling’s estimated packer margin at -$2.14/head compared to -$.59/head.
Sterling’s estimated producer margins averaged $82/head compared to $87.44/head the prior week and $22.22/head a year earlier.
However, there is more activity in business decisions with JBS’s announcement of a new plant to process bacon and Hormel’s announcement to discontinue bacon processing at their plant in Atlanta. This is not a plant closure as other processing will continue.
View the full Sterling Pork Profit Tracker for the week ending August 23.
The Beef and Pork Profit Trackers are calculated by Sterling Marketing, Vale, Ore.
(Note: The Sterling Beef Profit Tracker calculates an average beef cutout value for the week in its estimates for feedyard and packer margins. Other prices in the weekly Profit Tracker also are calculated weekly averages. Feedyard margins are calculated on a cash basis only with no adjustment for risk management practices. The Beef and Pork Profit Trackers are intended only as a benchmark for the average cash costs of feeding cattle and hogs. Sterling Marketing is a private, independent beef and pork consulting firm not associated with any packing company or livestock feeding enterprise.)
