Cattle feeding margins improved more than $33 per head last week, while cash fed cattle prices moved $2 higher at $84 to $85 per hundredweight. Packer margins declined more than $5 per head while the Choice cut-out price topped $140 for the first time in weeks. The Sterling Profit Quotient improved nearly 100 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 10/24/09:
- Average feedyard margins: -$48.79 per head.
- Average packer margins: -$57.12 per head.
- Sterling Profit Quotient: -161.8
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.