Cattle feeding margins declined more than $34 per head last week, despite an improved cash fed cattle market. Packer margins declined more than $14 per head at the same time. The Sterling Profit Quotient also declined more than 100 points from the previous 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 9/4/09:
- Average feedyard margins: -$18.95 per head.
- Average packer margins: -$24.41 per head.
- Sterling Profit Quotient: -63.4
For additional information and a chart about this week’s Sterling Beef Profit Tracker, click here.