Cattle feeders suffered through another week of heavy losses. Margins improved $7 per head, but losses remain in excess of $187 per animal, according to the Sterling Beef Profit Tracker.
Packers had what would be called a bad week, except their near $20 per head margin decline left them with profits of $64 per head, according to estimates by Sterling Marketing, Inc., Vale, Ore.
Pork producer margins declined $0.76 per head, with margins now a positive $19.89 per hog marketed, according to the Sterling Pork Profit Tracker. Negotiated cash hog prices declined $0.61per hundredweight last week to $101.03. Pork packer margins declined $6.12 per head for the week, resulting in losses of $2.70 per head.
A year ago cattle feeders sold cash cattle at $114.70 per hundredweight, resulting in losses of $243.06 per head. Last year cash hogs fetched $96.65 per hundredweight, resulting in profits of $27.68 per head.
The Sterling Beef and Pork Profit Trackers are calculated using actual weekly prices for both cattle and hogs, feed costs, beef and pork cutout prices, drop credits and other factors that influence profit margins.
The Sterling Beef Profit Tracker for the week ending July 13:
- Average feedyard margins: -$187.36 per head.
- Average packer margins: $64.17 per head.
The Sterling Pork Profit Tracker for the week ending July 12:
- Average farrow-to-finish margins: $19.89 per head.
- Average pork packer margins: -$2.70 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.