Pork prices lost ground last week leaving an average Pork Cutout Value of $92.63, down from $95.35 the prior week.
The negotiated Lean Carcass Value last lost ground averaging $85.11against $88.37 a week earlier leaving farrow-to-margins at $37 per head compared to $45.71 the prior week. The estimated average breakeven price for hog marketed last week was $67.82 compared to $72.99 a year ago.
Pork packer/processor margins continued under pressure averaging only $.24 per head with both reduced hog cost and pork prices.
View the full Sterling Pork Profit Tracker for the week ending April 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.)
