The Comprehensive Beef Cutout weakened further last week to average $367.21/cwt. compared to $372.48/cwt. the previous week.
For the same week a month ago, it averaged $404.37/cwt. At the same time, Choice steer prices averaged $234.06/cwt., a $5/cwt. gain from the prior week.
This left packer facing an estimated average loss of - $130.46/head. At the same time, feedlot break-evens averaged an estimated $199/cwt. for the week and $6/cwt. higher than the prior week leaving Sterling’s estimated average feedlot margins at $490/head compared to $508/head the prior week.
View the full Sterling Beef Profit Tracker for the week ending Oct. 11.
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.)
