Holiday-shortened hog slaughter last week was pegged at 1.974 million compared to 2.361 million the prior week.
With the pork cutout gaining $1/cwt. to average $96.23/cwt. for the week’s average, pork packers saw a minor improvement in margins with Sterling’s weekly average at -$11.57 against the prior week at -$12.37.
Hog prices saw a minor gain leaving the W. Cornbelt Lean Carcass Price at $96.86/cwt. for the week against the prior week’s average of $96.16/cwt. Sterling’s farrow-to-finish margins posted an average of $66.99/head for the week and $1/head higher than the prior week.
View the full Sterling Pork Profit Tracker for the week ending July 4.
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.)
