Farrow-to-finish margins continued to weaken last week with Sterling’s estimated average for week at $36.30/head. The W. Cornbelt lean carcass value averaged $84.64/cwt. and down from the prior week’s average of $85.72/cwt.
The Sterling estimate for feed costs for hogs placed on the finishing floor last week were estimated at $74.74 compared to $71.83 for hogs marketed last week. The Pork Cutout averaged $98.90/cwt. for the week compared to $100.71/cwt. the prior week with Sterling’s estimated packer margin averaging $19.52/head.
View the full Sterling Pork Profit Tracker for the week ending Nov. 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.)
