Feeder, packer margins retreat mid-month

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

Feeder margins finished the week ending December 14 in the red at negative $17.22, compared to $45.42 the previous week, according to the Sterling Beef Profit Tracker. A month ago, feeder margins topped $84 but have gradually fallen the past 30 days. However, last week’s negative $17.22 is $63.46 per hundredweight better than the negative $80.68 last year at this time. Feed costs were down $2.10 over the week, while total costs were $1.11 higher. Fed cattle have remained above $130 for the past eight weeks and finished the week at $131. Feeders finished the week at $164, compared to $163.60 the previous week.

Packer margins fell deeper in the red last week to negative $37.68, compared to negative $30.90 the previous week and negative $30.71 one month ago. The beef cutout value continues to hover around $200, and finished the week ending December 14 at $197.82, compared to $199.18 a week ago and $198.75 at this time last month. The beef cutout value was $8.55 higher than it was at this time last year.  

After a jump last week toward positive margins, the farrow-to-finish margin dropped to negative $4.38, compared to negative $3.40 the previous week and negative $21.37 one month ago, according to the Sterling Pork Profit Tracker. Lean hogs were down $1.66 last week to $79.49, compared to $81.15 the previous week. Feed costs increased $1.42 last week, and finished the week $1.44 higher at $144.22.

Packer margins decreased last week, finishing the week ending December 13 to $14.58 compared to $12.72 the previous week and $15.65 one month ago. The pork cutout fell $0.80 last week, finishing at $89.47.

The Sterling Beef Profit Tracker for the week ending December 14:

  • Average feeder margins: -$17.22 per head.
  • Average beef packer margins: -$37.68 per head.

The Sterling Pork Profit Tracker for the week ending December 13:                                          

  • Average farrow-to-finish margins: -$4.38per head.
  • Average pork packer margins: $14.58 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


ONCE PMH® IN

Introducing Once PMH® IN, the only intranasal vaccine to deliver dual bacterial pneumonia protection in healthy cattle, including calves as ... Read More

View all Products in this segment

View All Buyers Guides

Feedback Form
Leads to Insight