Cattle feeders regained some ground while packers lost last week with regard to margins, according to the latest data from the Sterling Profit Tracker. Cattle feeding margins averaged $172.96 the week ending June 7, compared to $164.85 the previous week, $216.03 last month and negative $133.22 at this time last year.
Feeder cattle markets remained sky high last week, with 750-800 pound steers bringing $191.31 per hundredweight, up from $191.17 the previous week and $134.65 one year ago. Fed cattle were up $0.81 last week to $145.72 per hundredweight. Fed cattle continue to trend more than $20 per hundredweight higher than year-ago levels when fed cattle were bringing $122. Both feed and total costs were down, with feed costs dropping to $344.64 and total costs dropping to $1,970.85, compared to $359.68 and $1,973.81, respectively, the previous week.
Packer margins fell to $47.87, compared to $62.23 the previous week, negative $47.52 one month ago and $61.43 at this time last year. The beef cutout value was down to $229.34 compared to $230.78 the previous week and $198.82 at this time last year.
Farrow-to-finish margins improved the week ending June 6 to $74.74, compared to $72.66 the previous week. At this time last year, the farrow-to-finish margin was $7.35 per head, according to the Sterling Pork Profit Tracker. Lean hogs finished the week at $111.50, compared to $109.94 the previous week.
Pork packer margins also improved last week to $9.56 per head, compared to $3.12 per head the previous week and negative $10.72 at this time last year. The pork cutout value climbed to $118.87 last week, compared to $114.48 the previous week.
The Sterling Beef Profit Tracker for the week ending June 7:
- Average feeder margins: $172.96 per head.
- Average beef packer margins: $47.87 per head.
The Sterling Pork Profit Tracker for the week ending June 6:
- Average farrow-to-finish margins: $74.74 per head.
- Average pork packer margins: $9.56 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.