Feeder margins regained some lost ground last week finishing the week ending November 30 at $65.88, compared to $45.36 the previous week, according to the Sterling Beef Profit Tracker. While this is more than $57 lower than feeder margins one month ago, last week's margins finished more than $112 higher than one year ago at this time, when they closed out November 2012 at negative $46.24. Feed costs were down $4.19 last week, while total costs increased by $4.40. Fed cattle finished the week at $132 per hundredweight, and feeders closed out the week up at $166, compared to $162.93 the previous week.
Packer margins improved last week to negative $25.16, compared to negative $53.23 the previous week and negative $38.07 one month ago. After spending several weeks above $200, the beef cutout value finished the week at $198.75 last week, compared to $196.32 the previous week and $200.33 one month ago. The beef cutout value was $8.46 higher than it was at this time last year.
The farrow-to-finish margin improved last week, finishing at negative $17.44 compared to negative $25.44 the previous week, according to the Sterling Pork Profit Tracker. Lean hogs were up $2.15 last week to $82.25, compared to $80.10 the previous week and $81.53 at this time last year. Feed costs increased nearly $5 last week to $89.59, and total costs were also up, finishing the week at $146.08.
Packer margins decreased last week, finishing the week ending November 29 at $7.67 compared to $20.90 the previous week and $7.93 one month ago. The pork cutout fell $4.22 last week, finishing at $89.12.
The Sterling Beef Profit Tracker for the week ending November 30:
- Average feeder margins: $65.88 per head.
- Average beef packer margins: -$25.16 per head.
The Sterling Pork Profit Tracker for the week ending November 29:
- Average farrow-to-finish margins: -$17.44 per head.
- Average pork packer margins: $7.67 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.