With Memorial Day weekend behind us and Father’s Day and July 4th in front of us, demand in the face of record high beef prices has yet to faze consumers.
In last week’s market, the Beef Comprehensive Cutout value remained unchanged from the prior week averaging $360.88 while the 5-Area Direct Steer Price advanced nearly $6/cwt to average $239.34.
Packer margins fell to - $257/head while feeding margins averaged an estimated $757/head against an estimated breakeven of $210.80.
View the full Sterling Beef Profit Tracker for the week ending June 7.
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.)
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