Farrow-to-finish margins last week held about steady with the prior week at $66/head according to Sterling’s estimate with a breakeven price of $63.89/cwt.
Feed costs for hogs placed on the finishing floor last week are estimated at $68.86/head compared to $74.40/head the prior week dropping the breakeven when those hogs are marketed to $63.89/cwt. against $66.51/cwt. the prior week.
Pork packer margins continue to be squeezed and remain in the red with Sterling estimate for last week at -$12.31/head and about unchanged from the prior week. Average utilization of Sterling’s estimated plant capacity was 89.2% and unchanged from the prior week.
View the full Sterling Pork Profit Tracker for the week ending June 27.
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.)
