F for week ending May 9 as Negotiated Direct Steer prices averaged $226.20/cwt against an estimated breakeven price of $180/cwt. and an estimated average feed cost for the 220 days on feed of $438.
Packers lost an estimated $248/head for those cattle with an average Comprehensive Cutout Value of $342.46/cwt for the week.
View the full Sterling Beef Profit Tracker for the week ending May 10.
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.)
