Farrow-to-finish margins sink below $80

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

Farrow-to-finish margins dropped $11.46 per head last week to $75.63, according to the Sterling Pork Profit Tracker. Lean hogs were down more than $3 to $113.53, compared to $116.68 the previous week and $129.38 at this time last month.

Pork packer margins dropped last week to negative $2.73 per head, compared to negative $5.16 the previous week. The pork cutout value was $115.41, compared to $117.35 the previous week.

Cattle feeding margins climbed higher last week, finishing the week ending May 3 $16.79 per head higher than the previous week, according to the Sterling Beef Profit Tracker. Over the course of the last year, feeding margins have made a $287.61 swing, from negative $91.11 at this time one year ago to $196.50 last week.

Fed cattle were up $1.63 last week to $148.63 per hundredweight. Last month, fed cattle were above $150 per hundredweight, but last year this time, fed cattle prices were around $128. Last week, feeder steers averaged $173.33, compared to $181.07 per hundredweight the previous week and $177.21 one month ago. Compared to this time last year, feeder steers are more than $44 per hundredweight higher. Feed costs were down nearly $7.80 and total costs were $83.98 lower compared to the previous week.

Packer margins dipped last week to $16.67 per head compared to $23.09 per head the previous week. The beef cutout value was down $0.14 to $229.02.

The Sterling Beef Profit Tracker for the week ending May 3:

  • Average feeder margins: $196.50 per head.
  • Average beef packer margins: $16.67 per head.

The Sterling Pork Profit Tracker for the week ending May 2:                                          

  • Average farrow-to-finish margins: $73.63 per head.
  • Average pork packer margins: -$2.73 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


PorkBridge and SowBridge Distance Education Programs

PorkBridge and SowBridge are distance education programs delivered through the coordinated effort of 11 university Extension programs. They provide relevant ... Read More

View all Products in this segment

View All Buyers Guides

Feedback Form
Generate Leads