Pork
Last week’s $4-plus rally in cash fed cattle prices cut average feedyard losses in half, leaving the red ink totaling $90 on every animal shipped.
Feedyard margins improved last week despite a $3 per cwt. decline in cash cattle prices.
Cattle feeders turned a tidy profit for the second consecutive week.
Cowboys and packers finished 2016 on a high note, maintaining per head profits north of $100 for the week ended Dec. 30.
Feedyard margins declined $28 per head last week to total an average loss of $70 per head, according to the Sterling Beef Profit Tracker.
Feedyard margins dropped another $20 last week to total an average loss of $90 per head, according to the Sterling Beef Profit Tracker.
Calling losses of $193 per head an improvement may be painful, but it’s accurate.
Feedlot closeouts continue ending on positive notes.
Cattle feeders turned a profit for the eighth consecutive week.
Cattle feeders saw positive margins on closeouts for the ninth consecutive week.
Feedyard profit margins rebounded slightly after last week’s $2 rally in the cash fed cattle market.
Cash cattle prices were mostly steady last week, helping reduce cattle feeding losses by $46 per head. Packers maintain their leverage with profits at $275.
As expected, beef packer margins jumped wildly higher the week ending Aug. 17, while cattle feeding margins slipped into the red.
Pork producer margins dropped $15 per head last week due to a $7.59 per cwt. decline in lean carcass prices.
Both cattle and hog feeding enterprises continue showing modest losses while packers remain solidly profitable.
Average feedyard close-outs were printed in black ink last week for the first time in several months after a $3 per cwt. rally in cash cattle prices.
The packer/feeder profit margins spread, historically large a month ago, has shrunk by 50% with gradually improving live cattle prices.
The combination of shrinking packer profits and smaller feedyard losses over the past six weeks has reduced the packer/feeder margin spread by 27%, according to the Sterling Beef Profit Tracker.
Sharply higher beef cutout values produced windfall profits for beef packers last week while cattle feeders saw closeouts with average losses about steady, according to the Sterling Beef Profit Tracker.
This year, U.S. pork exports to Chile have rebounded, increasing 30% through April year over year, reports the U.S. Meat Export Federation, fueled by retail and foodservice features.
The National Pork Board recently announced a new five-year effort to address consumer questions related to the pork industry and strengthen consumers’ confidence in choosing pork for their plate.
Families can expect to pay $67.73 to host an Independence Day cookout for 10 people, the American Farm Bureau Federation reports, a decrease of 3% year over year, yet 14% higher than two years ago.
AgriTalk host Chip Flory stopped by the Ralco hospitality tent at the World Pork Expo in Des Moines, Iowa, to try some of the popular barbecue served up by Bill Mulso with Sons of Butchers.
With nearly 24 million people and a cultural preference for pork, Taiwan should be a better market for U.S. pork, NPPC says. Last year, Taiwan imported just $13 million of U.S. pork due to market access issues.
In Part 1 (Time to Shake Things Up in the Meat Business), speakers at the 2023 World Pork Expo talked about changing consumers’ mindset on pork loins. Here’s what the industry plans to do.
Johnsonville, LLC, is recalling approximately 42,062 pounds of ready-to-eat “Beddar with Cheddar” pork sausage links.
A group of senators and representatives are doing everything they can to make sure pork can be sold everywhere in the nation, including California.