Farrow-to-finish margins last week were little changed from the prior week and averaged $66.49/head compared to $66.67/head the previous week.
The W. Cornbelt Lean Carcass Value averaged $97.25/cwt., and little changed from the prior week’s average at $96.86/cwt.
Sterling’s estimate of pork packer margins was -$7.73/head compared to -$11.63/head the prior week.
Market hog slaughter for the week at 2,307,406 head left plant capacity utilization at 89%. Increased market activity last week supported the Pork Cutout which averaged $98.49/cwt. compared to $96.23/cwt. the prior week.
View the full Sterling Pork Profit Tracker for the week ending July 11.
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.)
