Pork producer margins steady, but ugly

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

The train wreck for pork producers continues. Pork producer margins held nearly steady, with margins at a negative $36 per hog marketed, according to the Sterling Pork Profit Tracker. Negotiated cash hog prices declined $1.52 per hundredweight last week to $74.24, fully $5 lower than one month ago.

Pork packer margins improved $2.15 per head for the week, leaving profits at $6.36 per head, according to estimates developed by Sterling Marketing, Vale, Ore.

Cattle feeding margins declined $45 per head last week as cash sales dropped another $2.50 per hundredweight, according to the Sterling Beef Profit Tracker. Feedyards are now seeing average per head losses exceed $110.

Beef packers saw their margins decline a modest $2 per head, leaving losses at $16 per head. The Sterling Beef Profit Quotient declined 136 points for the week and the industry profitability index is now negative 356.5.

A year ago cattle feeders sold cash cattle at $125.61 per hundredweight, resulting in profits of $22.93 per head. Last year cash hogs fetched $85.99 per hundredweight, resulting in profits of $11.18 per head.

The Sterling Beef and Pork Profit Trackers are calculated using actual weekly prices for both cattle and hogs, feed costs, beef and pork cutout prices, drop credits and other factors that influence profit margins.

The Sterling Pork Profit Tracker for the week ending Mar. 22:

  • Average farrow-to-finish margins: -$36.25 per head.
  • Average pork packer margins:  $6.36 per head.

The Sterling Beef Profit Tracker for the week ending Mar. 23:

  • Average feedyard margins: -$116.79 per head.
  • Average packer margins: -$16.68 per head.
  • Sterling Profit Quotient: -356.5.

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


MAXX-TRAX Steerable Manure Tankers

With the MAXX-TRAC high speed steering system and impressive off-road maneuverability, getting to the fi eld is safer and faster than ... Read More

View all Products in this segment

View All Buyers Guides

Feedback Form
Generate Leads