Bids for finished hogs continued their downward trend last week with the W. Cornbelt Lean Carcass Value averaging $80.94/cwt. compared to $84.64/cwt. the prior week.
This left Sterling’s estimated producer margin for the week averaging $30.55/head and down $6 from the prior week.
Packer margins for the week improved to average $23.61/head and $4/head better than the prior week.
View the full Sterling Pork Profit Tracker for the week ending Nov. 15.
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.)
