Profit Tracker: Beef, Pork Drift Lower

April 22, 2014 05:24 AM
 
Profit Tracker: Beef, Pork Drift Lower

Profit margins for both beef and pork producers fell for the fourth consecutive week, yet both sectors remain solidly profitable.

Cattle feeders recorded average profits of $176 per head last week, about $34 per head lower than the previous week, according to the Sterling Beef Profit Tracker. The margins represent a $231 per head improvement over the average losses of $55 recorded last year at this time, according to estimates developed by John Nalivka, president of Sterling Marketing, Vale, Ore.  

Beef cutout values declined $1.24 per cwt. last week, yet beef packer margins improved $4.16 per head to end the week with losses of $59 per head. A month ago packers saw profits of $65 on every animal processed, and losses totaled $62 per head at the same time last year.

Farrow-to-finish hog margins declined $16 per head but profits remain more than $84 per head. Negotiated cash hog prices declined $6.74 per cwt. to $118.10 per cwt. Pork packers were estimated to earn $1.19 for every animal processed.

The spike in both cattle feeding and farrow-to-finish profits this spring is due to significantly higher cash prices and lower overall feed prices. Cash prices for fed cattle are more than $22 per cwt. higher than last year, and negotiated hog prices are more than $38 per cwt. higher than last year.

Back to news


Million Dollar Wildfire Relief Challenge

Click here to learn more about the Million Dollar Wildfire Relief Challenge, and see how you can help in the rebuilding effort.


 

Comments

 
Spell Check

No comments have been posted to this News Article

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by Barchart.com
brought-by
Close