The Pork Cutout value gained about $2.50/cwt for the week going into the Memorial Day weekend to average $100.68/cwt. However, pork processors continued to struggle to push margins very much into black ink with last week’s margin only near breakeven.
On May 29, JBS announced they will build a new sausage plant in Perry, Iowa.
Farrow-to-finish margins averaged just over $59/cwt and about $1.50 higher than the previous week. Producer margins have been positive since early March 2024.
View the full Sterling Pork Profit Tracker for the week ending May 24.
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.)
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