Profit Tracker: Beef, Pork Higher Again

March 25, 2014 06:47 AM
 
Profit Tracker: Beef, Pork Higher Again

Profits continue to increase for both cattle and hog producers. Cattle feeders recorded average profits of $247 per head last week, up slightly from the previous week, according to the Sterling Beef Profit Tracker. The margins represent a $363 per head improvement over the average losses of $116 recorded last year at this time, according to estimates developed by John Nalivka, president of Sterling Marketing, Vale, Ore.

Beef cutout values increased $1 per cwt. last week, but beef packer margins declined $9.35 to $67 per head. A month ago packers were losing $81 on every animal processed, and losses totaled $19 per head at the same time last year.

Farrow-to-finish hog margins increased $18.90 per head to more than $103 per head, the highest pork profit margins in the Sterling Pork Profit Tracker database. Negotiated cash hog prices rallied $11 per cwt. to $125.25 per cwt. Pork packer margins were estimated at $3.66 per head.

The spike in both cattle feeding and farrow-to-finish profits is due to significantly higher cash prices and lower overall feed prices. Cash prices for fed cattle are more than $27 per cwt. higher than last year, and negotiated hog prices are nearly $51 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