The W. Cornbelt Lean Carcass price was weaker last week, averaging $98.07/cwt. against $100.54/cwt. the prior week while farrow-to-finish break-evens remained steady at close to $68/cwt.
Sterling’s estimated producer margins averaged $63.90/head for the week compared to $69.30/head the prior week.
At the same time, Sterling’s estimated packer margins averaged $3.27/head last week. Market hog numbers at 2,512,575 last week left Sterling’s estimate for plant utilization at 97%.
View the full Sterling Pork Profit Tracker for the week ending Oct. 11.
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.)
