Last week’s Comprehensive Beef Cutout gained $10/cwt. from the previous week to average $385.34/cwt. while average 5-Area Direct Steer prices fell $5/cwt. to average $230.98 leaving beef packer margins in the red an estimated $68.24 and sharply improved from previous weeks.
Feedlot margins remained strong and averaged and estimated $698/head last week against a calculated breakeven price of $181/cwt.
Total cattle slaughter remained unchanged at 560,000 from the prior week with fed plant capacity utilization at 77.9% and unchanged.
View the full Sterling Beef Profit Tracker for the week ending June 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.)
