Farrow-to-finish margins increased again last week, reaching $116.65 per head, compared to $103.60 the previous week and $49.81 at this time last month. Lean hogs were also higher, according to the Sterling Pork Profit Tracker, reaching $129.73, compared to $125.25 the previous week.
Pork packer margins fell into negative territory to negative $2.50 per head, compared to $3.66 the previous week. The pork cutout value reached $131.40, compared to $130.13 the previous week and $101.71 at this time last month.
For the past month, cattle feeding margins have averaged more than $240 per head, according to the Sterling Beef Profit Tracker. For the week ending March 29, feeder margins averaged $242.03, compared to $247.11 the previous week and $284.85 on month ago. At this time last year, feeders were losing $105.29 per head.
Fed steer prices climbed $1.15 per hundredweight last week to $152.89. For the past month, fed prices have been more than $150 per hundredweight. Feeder steers averaged $175.17, an increase of $2.31 per hundredweight compared to the previous week. Feed costs stayed the same at $340.67 while total costs were up $18.64 per head to $1,825.51.
Packer margins fell again last week but remain in positive territory at $36.83 compared to $65.94 per head the previous week. Packers were losing $80.05 and $39.37 per head at this time last month and last year respectively. The beef cutout value dropped nearly $3 to $238.01 per hundredweight. At this time last year, the cutout value was $189.63.
The Sterling Beef Profit Tracker for the week ending March 29:
- Average feeder margins: $242.03 per head.
- Average beef packer margins: $36.83 per head.
The Sterling Pork Profit Tracker for the week ending March 28:
- Average farrow-to-finish margins: $116.65 per head.
- Average pork packer margins: -$2.50 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.