Demand against declining cattle numbers and beef production has and will continue to be the driver in the beef complex. The Composite Beef Cutout gained nearly $6/cwt. last week to average $373.86/cwt. The stronger cutout was a help to packer margins with the Sterling estimate for last week at -$314.31/head compared to - $358.40/head the previous week.
Sterling’s estimated feedlot margins were down about $100/head from the prior week to average $196.53/head.
View the full Sterling Beef Profit Tracker for the week ending Feb. 28.
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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