A modest gain on the Beef Cutout to $388.64/cwt. from $385.34/cwt. the previous week coupled with Choice steer prices holding steady to down slightly at $230.56/cwt. left packer margins in the black for the first week since September of last year.
Sterling estimate for beef packer margins was $36 per head last week. At the same feeding margins averaged an estimated $620 per head in a solid demand driven market.
View the full Sterling Beef Profit Tracker for the week ending July 5.
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.)
