Choice steer prices were down $4/cwt. last week leaving the weekly average for 5-Area Direct Choice steers at $224.33/cwt.
The lower bids for slaughter cattle led to a nearly $150/head drop from the prior week in Sterling’s estimated feedlot margin for week with the average for the week at $264/head.
Packer margins were nearly unchanged from the prior week with an estimated average loss of $40.66/head for the week. The Comprehensive Beef Cutout averaged $375/cwt.
View the full Sterling Beef Profit Tracker for the week ending Nov. 15.
The Beef and Pork Profit Trackers are calculated by Sterling Marketing, Vale, Ore.
(Note: The Sterling Beef Profit Tracker calculates an average beef cutout value for the week in its estimates for feedyard and packer margins. Other prices in the weekly Profit Tracker also are calculated weekly averages. Feedyard margins are calculated on a cash basis only with no adjustment for risk management practices. The Beef and Pork Profit Trackers are intended only as a benchmark for the average cash costs of feeding cattle and hogs. Sterling Marketing is a private, independent beef and pork consulting firm not associated with any packing company or livestock feeding enterprise.)
