Farrow-to-finish margins last week averaged $38.45/head against $43.46/head the prior week with $3/cwt drop in the average W. Cornbelt Lean Carcass Value which averaged $86.49/cwt.
The lower hog cost did not help packer margins as the Pork Cutout averaged $91.77/cwt., down from the prior week’s average of $95.03/cwt. Sterling’s packer margin calculation for the week averaged $1.70/head compared to $2.17/head the prior week with the projected annual average to be $3.50/head.
View the full Sterling Pork Profit Tracker for the week ending Sept. 12.
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.)
