Feeder margins climbed more than $44 per head to $253.80 the week ending February 22, 2014, according to the Sterling Beef Profit Tracker. One month ago, feeder margins were $182.52 per head, and were negative $102.19 per head at this time last year. Choice fed steers climbed more than $4 per hundredweight to $146.60 compared to $142.33 the previous week, and feeder steers were up more than $1 per hundredweight to $167.34. Feed costs increased $4.64 per head while total costs were up $15 per head.
Packer margins improved more than $1 to negative $81.19 compared to negative $82.79 the previous week. At this time last month, packers were earning $122.47 per head, but margins were negative $78.39 at this time last year. The beef cutout value increased to $212.47 per hundredweight, compared to $208.63 the previous week.
Farrow-to-finish margins rallied $12.61 per head to $35.02 the week ending February 21, 2014, compared to $22.41 the previous week. At this time last month, farrow-to-finish margins stood at $3.54 and negative $29.34 at this time last year, according to the Sterling Pork Profit Tracker. Lean hogs were up $5.70 last week to $92.37. Feed costs increased to $94.87 last week, compared to $93.32 the previous week.
Pork packer margins fell $6.41 to $1.95 per head, compared to $8.36 the previous week. The pork cutout value increased to $96.39 last week, compared to $93.80 the previous week, $87,67 one month ago and $81.80 at this time last year.
The Sterling Beef Profit Tracker for the week ending February 22:
- Average feeder margins: $253.80 per head.
- Average beef packer margins: -$81.19 per head.
The Sterling Pork Profit Tracker for the week ending February 21:
- Average farrow-to-finish margins: $35.02 per head.
- Average pork packer margins: $1.95 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.