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.