In the hog markets, farrow-to-finish margins topped $91 per head last week, finishing the week ending June 20 at $91.24 per head compared to $82.75 the previous week. At this time last year, the farrow-to-finish margin was $24.68 per head, according to the Sterling Pork Profit Tracker. Lean hogs finished the week more than $4 higher at $121.30, compared to $117.15 the previous week.
Pork packer margins declined last week to $3.98 per head, compared to $4.15 per head the previous week. Last month, pork packers were making $1.85 per head and $2.07 per head at this time last year. The pork cutout value increased to $125.81 last week, compared to $121.96 the previous week.
Across the board, cattle markets pushed higher the third week of June, according to the latest data from the Sterling Beef Profit Tracker. While fed cattle stayed mostly steady, compared to other segments of the beef cattle marketplace last week, feeder cattle increased more than $14 to $208.22 the week ending June 21. Compared to one year ago, fed cattle are $29.02 per hundredweight higher and feeder cattle have increased $71.78 per hundredweight. The breakeven price for last week’s placements was $161.21, up from $152.22 the previous week.
Feedlot margins were also up last week, increasing to $194.24 per head from $170.58 per head the previous week. At this time last year, feedlots were losing $178.80 per head, representing a $373.04 swing in the last 365 days. Packer margins increased $25.49 per head last week to $49.39.
Not to be left out, the beef cutout value was also higher last week, increasing to $236.46, compared to $229.54 the previous week. The Sterling Beef Profit Tracker also increased its estimate for cow-calf margins for 2014 to $480, based on Sterling marketing revenue and cost of production projections.
The Sterling Beef Profit Tracker for the week ending June 21:
- Average feeder margins: $194.24 per head.
- Average beef packer margins: $49.39 per head.
The Sterling Pork Profit Tracker for the week ending June 20:
- Average farrow-to-finish margins: $91.24 per head.
- Average pork packer margins: $3.98 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.