Farrow-to-finish margins improved again last week to $82.75, compared to $74.74 the previous week. At this time last year, the farrow-to-finish margin was $18.42 per head, according to the Sterling Pork Profit Tracker. Lean hogs finished the week at $117.15, compared to $111.50 the previous week.
Pork packer margins declined last week to $4.26 per head, compared to $9.69 per head the previous week. Last month, pork packers were losing $2.48 per head and $9.95 per head at this time last year. The pork cutout value climbed to $121.96 last week, compared to $118.87 the previous week.
Fed cattle surged last week and ended June 14 at $149.62 per hundredweight, an increase of more than $4 since the previous week. A month ago, fed cattle were averaging nearly $147 but at this time last year, they were bringing $120 per hundredweight. Feeder cattle continued to post strong gains last week, increasing to $194.20 per hundredweight, compared to $191.31 the previous week, $188.35 last month and $135.51 at this time last year. Breakeven prices for last week’s placements was $152.22, up from $150.99 the previous week and $125.49 one year ago.
Cattle feeding margins fell $2.68 per head last week to $170.58. At this time last year, however, feeders were losing almost $197 per head. Packer margins continued to be volatile, dropping from $47.08 two weeks ago to $23.43 last week. The beef cutout value was up 20 cents to $229.54 last week. At this time last year, the cutout value was $196.92.
The Sterling Beef Profit Tracker for the week ending June 14:
- Average feeder margins: $170.58 per head.
- Average beef packer margins: $23.43 per head.
The Sterling Pork Profit Tracker for the week ending June 13:
- Average farrow-to-finish margins: $82.75 per head.
- Average pork packer margins: $4.26 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.