Declining cattle numbers and strong consumer demand continued to set the pace for beef and cattle markets into Father’s Day weekend with the Comprehensive Beef Cutout averaging a record high $367.51/cwt. for the week.
Packers paying a record $239.91/cwt. average price for steers continued to realize their margins deep into red ink with losses averaging -$278/head while feedlot margins averaged an estimated $839/head.
View the full Sterling Beef Profit Tracker for the week ending June 14.
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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