Last week did not see much change in the pork industry’s margin situation from the prior week. Farrow-to-finish margins averaged $67.61/head against $66.17/head the previous week and this is about unchanged from last month.
The W. Cornbelt negotiated price for market hogs averaged $99.32/cwt. for the week, which was $2/cwt. higher than the prior week. Feed costs were also higher last week.
Sterling estimated packer margins for last week at -$4.11/head last week, which was an improvement over the prior week’s estimate of -$7.81/head.
View the full Sterling Pork Profit Tracker for the week ending July 18.
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.)
