The Beef Profit Tracker from Sterling Marketing shows both feedlot and packer margins improved last week with slaughter up from prior week.
Feedlot margins jumped from $198 to $366. Choice steers were up slightly to $201.
Cattle slaughter up to 578,000 and 81.5% capacity.
Packer margins were still in red, but dropped from $154 to $126.
View the full Sterling Beef Profit Tracker for the week ending March 8.
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.)
