At $88 per head and a breakeven price of $65/cwt, farrow-to-finish margins last week averaged close to the prior week while packer margins did see some improvement, albeit limited, with a margin closer to breakeven and black ink.
The Pork Cutout gained just over $2/cwt to average $115.34/cwt as consumers direct some focus to the other end of the meat case to buy pork items.
View the full Sterling Pork Profit Tracker for the week ending July 19.
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.)
