Cattle feeding margins improved more than $26 per head last week, as cash fed cattle prices gained nearly $1 per hundredweight. Packer margins improved more than $13 per head. The Sterling Profit Quotient gained 52 points on the week.
The Sterling Beef Profit Tracker is calculated using actual weekly prices for Choice fed steers, feeder steers, feed costs, boxed beef-cutout prices, hide and offal values, and other factors that influence profit margins.
The Sterling Beef Profit Tracker for the week ending Nov. 27:
- Average feedyard margins: -$22.71 per head.
- Average packer margins: -$35.97 per head.
- Sterling Profit Quotient: -77.7
For additional information and a chart about this week’s Sterling Beef Profit Tracker, click here.
The Sterling Beef Profit Tracker is produced by Sterling Marketing Inc. and John Nalivka, president, Vale, Ore., and is published weekly by Drovers/CattleNetwork.