Profit Tracker: Beef Margins Tick Higher

April 29, 2014 06:39 AM
 
Profit Tracker: Beef Margins Tick Higher

Profit margins for both beef and pork producers moved slightly higher last week, ending a month-long downward trend. Both sectors remain solidly profitable.

Cattle feeders recorded average profits of $179 per head last week, about $3 per head more than the previous week, according to the Sterling Beef Profit Tracker. The margins represent a $229 per head improvement over the average losses of $49 recorded last year at this time, according to estimates developed by John Nalivka, president of Sterling Marketing, Vale, Ore.

Beef cutout values improved $7.32 per cwt. last week, boosting beef packer margins $83 per head to end the week with profits of $23 per head. A month ago packers recorded profits of $32on every animal processed, and losses totaled $59 per head at the same time last year.

Farrow-to-finish hog margins improved $2.49 per head with average profits at more than $87 per head. Negotiated cash hog prices declined $1.42 per cwt. to $116.68 per cwt. Pork packers were estimated to earn $4.19 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 $18 per cwt. higher than last year, and negotiated hog prices are more than $33 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