The pork industry benefitted with high prices that pushed the Pork Cutout $3/cwt higher than the prior week. However, the Lean Carcass Value also gained an additional $2/cwt to average $112.50/cwt.
This limited packer margins to only breakeven last week. At the same time, producer margins continued to gain, averaging an estimated $93/head against a breakeven price of $67/cwt.
View the full Sterling Pork Profit Tracker for the week ending July 26.
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.)
