Sterling Profit Tracker
Hogs defy fundamentals at midday
Corn futures are trading slightly higher at midday. As of this writing, corn futures have now moved above unchanged, although slightly.
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Feedyard margins near break-even, packers continue to slip
A $3 per hundredweight bump in cash cattle prices brought feedyard closeout margins near break-even while packer losses continue to grow. Pork producer margins declined $7 per head as lean carcass prices fell another $4 last week. Negotiated hog prices have declined $23 per hundredweight the past month.
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Feeding losses now under $100, packers margins decline
Cattle feeding margins are gradually improving and packer margins are eroding as summer nears an end. Pork producer margins are headed in the wrong direction as cash prices have shed more than $13 per hundredweight the past two weeks.
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Feeding margins improve, remain in the red; packers, too
Red ink continues to flow from feedyard closeouts despite a $47 per head gain last week. Packers saw their profits evaporate into $8 per head losses. Pork producer margins also slipped into the red.
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Tightening supplies push fed market higher as boxed beef declines
Tightening supplies of market-ready fed cattle led to a $2 to $3 per hundredweight advance in prices last week. Feeder cattle and calves sold steady to higher. Boxed beef prices declined on softer demand.
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Feeding margins improve from gruesome to dismal, packers comfy
Red ink continues to flow from feedyard closeouts despite a $42 per head gain last week. Packers saw their profits improve by another $15 per head. Pork producer margins are eroding.
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Cattle feeding margins slip, packers in the black
Cattle feeding losses dipped near $200 per head again last week despite a cash market that gained $1 per hundredweight to $120, according to the Sterling Beef Profit Tracker.
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Cattle feeding margins gain, packers slip
Cattle feeding losses dipped below $200 per head for the first time in a month as cash fed cattle prices gained $1 per hundredweight to $119. Despite the $35 per head improvement, feedyards are still losing more than $185 per head, according to the Sterling Beef Profit Tracker.
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Cattle feeding margins improve, packer margins erode
A $3 per hundredweight jump in fed cattle prices helped improve cattle feeding margins by more than $30 per head last week. Still, feedyards are losing in excess of $220 on every animal they send to market.
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Cattle feeding margins: meager improvement; packers in the red
A small advance in cash prices produced a meager improvement in cattle feeding margins. Packers saw small positive margins evaporate into average per head losses as boxed beef prices declined. Pork producers continue turning decent profits.
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Cattle feeding margins: Can they get any worse?
Cash fed cattle prices slipped another $2 per hundredweight last week and boxed beef cutout values have shed more than $13 per hundredweight the past month. Cattle feeders are left staring at ugly closeouts and ordering more red ink cartridges.
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- What’s on America’s grill this weekend?
- Former Eastern Livestock CEO, CFO sentenced for federal crimes
- Tyson sends disaster-assistance truck to Oklahoma
- More beef cows in worst drought regions than a year ago
- Forage Focus: Pay attention to hay moisture
- Oil falls as Fed minutes send U.S. equities down
- Post-tornado composting a solution for disposal of dead livestock
- Michigan hay buyers should plan purchases early
- Seven jobs more dangerous than farming
- New animal identification rules aid disease traceability
- Former Eastern Livestock CEO, CFO sentenced for federal crimes
- Drought losses in Oklahoma top $400 million for 2012
