Beef packer margins turn positive

 Resize text         Printer-friendly version of this article Printer-friendly version of this article

After nearing $285 per head, cattle feeding margins dropped the $233.83 per head last week, according to the Sterling Beef Profit Tracker. While more than $51 lower over the past week, feeding margins are still high compared to $145.47 per head last month and negative $54.52 at this time last year.

Choice fed steers are dipped slightly to $149.30 per hundredweight last week compared to $151.07. Again, this is still more than $20 per hundredweight higher than last year’s prices for fed steers. Feeder steers climbed $2.99 on the week to $169 per hundredweight. Feed costs were up $14.07 per head last week to $368.81, and total costs topped $1,804, compared to $1,765.84 the previous week.

Beef packer margins climbed into positive territory last week, to $8.55 per head compared to negative $80.64 per head the previous week. The beef cutout topped $230, finishing the week ending March 8 at $232.88 per hundredweight, compared to $219.05 the previous week and $194.50 at this time last year.

Farrow-to-finish margins hit their highest point since July 11, 1987, according to the Sterling Pork Profit Tracker. Margins hit $66.31 per head the week ending March 7, compared to $49.81 the previous week, $18.30 one month ago and $11.55 at this time last year. Lean hogs followed suit and hit $106.03, compared to $98.70 the previous week.

Pork packer margins improved $0.07 to $0.15 per head last week. At this time last month, pork packers were earning $8.17 per head and $3.37 per head at this time last year. The pork cutout value increased $7.29 last week to $109. At this time last year, the pork cutout value stood at $79.61.

The Sterling Beef Profit Tracker for the week ending March 8:

  • Average feeder margins: $233.83 per head.
  • Average beef packer margins: $8.55 per head.

The Sterling Pork Profit Tracker for the week ending March 7:                                          

  • Average farrow-to-finish margins: $66.31 per head.
  • Average pork packer margins: $0.15 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.



Comments (0) Leave a comment 

Name
e-Mail (required)
Location

Comment:

characters left


XUV 855 Power Steering

Combining power steering with diesel power, durability and toughness, the 30 MPH, 22.8 HP John Deere Gator XUV855D features updates that enhance ... Read More

View all Products in this segment

View All Buyers Guides

Feedback Form
Leads to Insight