Sterling’s estimated farrow-to-finish margins for hogs marketed last week were at $44.38/head with the calculated break-even for those hogs at $66.45/cwt. and down $1 from the prior week.
Lean carcass values (W. Cornbelt) averaged $87.49/cwt. last week and down nearly $1/cwt. from the prior week.
During the mid-July, the W. Cornbelt Lean Carcass Value averaged $110.84/cwt. with a producer margin of $90.24/head for that week.
The Pork Cutout last week averaged $100.71/cwt. and nearly unchanged from the prior week leaving Sterling’s estimated packer margin at $16.94/head.
View the full Sterling Pork Profit Tracker for the week ending Nov. 1.
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.)
