As beef and cattle markets both continued to take a breather, the Comprehensive Beef Cutout was down $11.31/cwt. from the prior week to average $393.06/cwt. while 5 – Area Direct Choice Steers were down $2.53/cwt. to average $236.72 for the week. Sterling’s estimate for feedlot margins was $623.82/head and -$33.42/head for packer margins. Fed plant utilization averaged an estimated 76.1% while cow plant utilized 62.7% of capacity.
View the full Sterling Beef Profit Tracker for the week ending Sept. 20.
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.)
