Pork packer margins were slightly improved last week against a Pork Cutout Value of $989.62/cwt. and up about $1/cwt. from the prior week. The drop credit also moved higher to average $12.90/cwt. on a dressed weight equivalent compared to $12.38/cwt. every week for the previous seven weeks.
Farrow-to-finish margins lost some ground to average $53.25/head the feed cost for those hogs was $3/head higher than for hogs marketed the previous week.
View the full Sterling Pork Profit Tracker for the week ending March 7.
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.)
