Despite falling more than $12 per head last week, cattle feeders are still earning more than $210 per head according to the latest data from the Sterling Beef Profit Tracker. One month ago, feeders were earning $246.79, but last year at this time, they were losing $81.35 per head.
Fed cattle prices were slightly lower the week ending April 12, finishing the week at $149.92 per hundredweight, compared to $150.27 the previous week. A month ago at this time, fed cattle were averaging $151.11. Compared to last year at this time, fed cattle are brining nearly $23 more per hundredweight. Feeder steers were down $2.29 to $174.92 last week. Feed costs dropped nearly $2 to $379.29 and total costs were down more than $20 to $1,862.54 per head.
Packer margins retreated deeper into the red last week, finishing the week at negative $63.53, compared to negative $36.16 the previous week. At this time last year, packers were losing $70.47 per head. The beef cutout value fell $6.23 to $223.08 last week.
Farrow-to-finish margins remained above $100 per head the week ending April 11, according to the Sterling Pork Profit Tracker. After topping $116 three weeks ago, margins have fallen the previous two weeks. However, at this time last year, margins were negative $25.74. Lean hogs finished the week at $124.84, compared to $129.38 the previous week.
Pork packer margins fell last week to negative $1.91, compared to negative $1.15 the previous week and $5.96 last month. The pork cutout value dropped to $127.17, compared to $131.97 the previous week.
The Sterling Beef Profit Tracker for the week ending April 12:
- Average feeder margins: $210.79 per head.
- Average beef packer margins: -$63.53 per head.
The Sterling Pork Profit Tracker for the week ending April 11:
- Average farrow-to-finish margins: $100.96 per head.
- Average pork packer margins: -$1.91 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.