Slaughter cattle prices took a breather with the 5-Area Direct price averaging $235.99/cwt. last week and down $4/cwt from the prior week.
However, the Comprehensive Beef Cutout gained nearly $8.50/cwt from prior week to average $375.99/cwt.
The estimated feeding margin last week averaged $754.72/head and down from $839/head the prior week.
Packer margins improved somewhat with the stronger cutout value to average $209.55/head.
View the full Sterling Beef Profit Tracker for the week ending June 21.
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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