There was little change in the pork industry margins last week with packers continuing to lose money and farrow-to-finish operations remaining profitable.
Sterling showed packers losing $6.25/head while producer margins were pegged at $66.92/head. The cost of hogs was lower with the W. Cornbelt Lean Carcass Value averaging $99.04/cwt. and down from $101.18 a week earlier.
The Pork Cutout was also weaker averaging $100.51/cwt. last week against the prior week’s average of $102.36/cwt.
View the full Sterling Pork Profit Tracker for the week ending Aug. 8.
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.)
