The margin picture in the pork industry generally followed the beef industry with farrow-to-finish margins continuing to weaken with Sterling’s estimate for the week averaging $13.80/head and down from $30.98 the previous week.
The W. Cornbelt Lean Carcass Value averaged $73.14/cwt last week and down from $80.94/cwt the prior week.
Just as in the beef industry pork packer margins were notably improved with Sterling’s estimate for week’s average at $33.78/head compared to $24.28/head the prior week. Hog plants operated with nearly all of their slaughter capacity last week.
View the full Sterling Pork Profit Tracker for the week ending Nov. 22.
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.)
