With the lean carcass value for W. Corn Belt jumping to a weekly average of $113.20/cwt from $106/cwt the prior week, farrow-to-finish operators continue to see stronger margins every week and last week was no exception with estimated average margin at $94.46/head.
Pork processing margins were estimated at $2.45/head and up only about $1.50/cwt from the prior week.
The Pork Cutout averaged $119.75/cwt compared to $113.36/cwt the prior week.
Demand for both beef and pork is the market driver heading toward the July 4th holiday.
View the full Sterling Pork Profit Tracker for the week ending June 21.
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.)
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