Profit Tracker: $42 Profit Margin is Down $9 from Previous Week
Farrow-to-finish pork producers earned $42 profit per hog last week, a $9 per head decrease from the previous week. A month ago farrow-to-finish pork producers showed a profit of $62 per head.
Pork packers saw their margins steady at $20 per head. Negotiated prices for lean hogs were $78.65 per cwt., a $3 decline. Cash prices for fed cattle are $8 lower than last year, and prices for lean hogs are about $13 per cwt. higher.
For farrow-to-finish pork producers, Nalivka projects 2017 profit margins to average $29 per head, compared to $5 per head last year. Pork packers are projected to earn $19 per head in 2017, down slightly from $24 profit per head in 2016.