Farrow-to-finish margins improved last week to $87.09, compared to $84.60 the previous week according to the Sterling Pork Profit Tracker. Lean hogs were down more than $1 to $166.68 the week ending April 25. While lower compared to the previous week and last month, lean hogs are $33.86 higher than this time last year when they were bringing $82.82.
Pork packer margins improved last week to $4.19 per head, compared to $1.19 per head the previous week and negative $0.39 at this time last year. The pork cutout value was down $4.39 to $117.35 last week.
After falling more than $34 the previous week, feedlot margins showed small gains last week, improving to $179.71 compared to $176.51 per head. According to the latest data from the Sterling Beef Profit Tracker, feedlot margins were $242.03 at this time last month and negative $49.25 at this time last year.
Fed cattle prices were down $0.40 the week ending April 26, finishing at $146.73 per hundredweight. While fed prices were down, feeder steers increased nearly $5 per hundredweight to $181.07. Last month, feeder steers averaged $175.17, and at this time last year, they were $131.88. Feed costs were up $7.33 per head while total costs jumped more than $47 per head to $1,917.31.
After slipping into negative territory earlier in April, packer margins finished the month strong topping $23.09 per head last week compared to negative $59.77 the previous week. The beef cutout value also improved last week, reaching $229.16 compared to $221.84 the previous week.
The Sterling Beef Profit Tracker for the week ending April 26:
- Average feeder margins: $179.71 per head.
- Average beef packer margins: $23.09 per head.
The Sterling Pork Profit Tracker for the week ending April 25:
- Average farrow-to-finish margins: $87.09 per head.
- Average pork packer margins: $4.19 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.