Feeder margins rally to end 2013

 Resize text         Printer-friendly version of this article Printer-friendly version of this article

After falling into the red mid-month, feeder margins rallied late in December and closed out the week ending Dec. 28, 2013, at $57.42, compared to negative $15.70 the previous week. Feeder margins topped $65 one month ago, but were negative $42.18 a year ago at this time, according to the Sterling Beef Profit Tracker. Feed costs were down $7.64 over week and total costs were down $7.72 during the same time. Fed cattle moved $3.61 higher and finished the week at $133.61 while feeders stayed steady at $163.97 to close out 2013.

Packer losses increased the week ending December 28 to negative $53.98 compared to $42.98 the previous week and negative $25.16 one month ago. The beef cutout value fell $0.29 to finish the week at $195.50, compared to $198.75 one month ago and $189.96 a year ago at this time.

Farrow-to-finish margins closed out the week ending December 27 at negative $16.18, compared to negative $8.54 the previous week and negative $17.44 one month ago, according to the Sterling Pork Profit Tracker. Lean hogs were down less than $1 to $77.57 compared to $78.23 the previous week. Feed Costs increased $0.95 last week to $86.44.

Packer margins finished 2013 in the black at $4.06 compared to negative $2.25 at the end of 2012. The pork cutout value was down $5.76 to $82.85, compared to $88.61 the previous week.

The Sterling Beef Profit Tracker for the week ending December 28:

  • Average feeder margins: $57.42 per head.
  • Average beef packer margins: -$53.98 per head.

The Sterling Pork Profit Tracker for the week ending December 27:                                          

  • Average farrow-to-finish margins: -$16.18 per head.
  • Average pork packer margins: $4.06 per head.

The Sterling Beef and Pork Profit Trackers are produced by Sterling Marketing Inc. and John Nalivka, president, Vale, Ore., and are published weekly by Drovers/CattleNetwork, and PorkNetwork.



Comments (0) Leave a comment 

Name
e-Mail (required)
Location

Comment:

characters left


AG10 Series Silage Defacers

Loosen silage while maintaining a smooth, compacted bunker space resulting in better feed and less waste. This unique tool pierces, ... Read More

View all Products in this segment

View All Buyers Guides

Feedback Form
Leads to Insight