Pork markets continued to advance higher last week leaving the Pork Cutout averaging $107.82 against $104.49 the prior week.
This higher cutout value was little help for the packers who paid an average Lean Carcass Value of $102.72 for hogs compared to $99.11 the prior week.
Farrow-to-finish operations on the other hand, realized average per head margins of $69.73 and $7/head higher than a week earlier.
View the full Sterling Pork Profit Tracker for the week ending June 7.
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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