Pork industry market dynamics last week were generally at the other end of the spectrum from the beef industry with the average pork cutout gaining for the week and averaging $104.11/cwt. against $102.21/cwt. the prior week. The W. Cornbelt Negotiated Lean Carcass Value averaged $100.94/cwt. against $99.32/cwt. the prior week.
Consequently, producer margins gained to average $100.94/head while Sterling estimate for packer margins posted an average of -$3.52/head compared to -$4.11/head a week earlier.
View the full Sterling Pork Profit Tracker for the week ending July 25.
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.)
