In the hog markets, farrow-to-finish margins increased last week to $101.44 from $91.24 the previous week, according to the Sterling Pork Profit Tracker. At this time last year, the farrow-to-finish margin was $21.26 per head. Lean hogs climbed more than $6 last week to $127.22, compared to $121.30. Lean hogs are up nearly $30 from this time last year when they were at $101.49.
Pork packer margins declined last week to negative 18 cents compared to $3.87 the previous week. Last month, pork packers were making $3.22 per head and $9.70 per head at this time last year. The pork cutout value increased to $129.72 last week, compared to $125.81 the previous week.
Cattle feeding margins exploded the week before the Fourth of July holiday. Feedlot margins hit $280.08 to finish the week ending June 28, compared to $194.24 the previous week, $164.85 last month and negative $162.65 at this time last year, according to the latest data from the Sterling Beef Profit Tracker. Beef packer margins were also up the week ending June 28, hitting $49.12 per head, compared to $23.60 the previous week.
Fed cattle climbed more than $5 per hundredweight to $154.46, compared to $149.09. Last year at this time, fed cattle were trading at just shy of $120. Feeder steers dropped slightly, from $208.22 the week ending June 21 to $207.85 last week. At this time last year, feeder steers weighing 700-800 pounds were bringing $139.11. The breakeven price for last week’s placements was $160.51, down from $161.21 the previous week.
The Sterling Beef Profit Tracker for the week ending June28:
- Average feeder margins: $280.08 per head.
- Average beef packer margins: $49.12 per head.
The Sterling Pork Profit Tracker for the week ending June 27:
- Average farrow-to-finish margins: $101.44 per head.
- Average pork packer margins: -$0.18 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.