Both packer and feedlot margins declined last week to -$273/head for packers as Choice steer prices gained against little gain with the Comprehensive Cutout Value ($360.50/cwt.) and higher break-evens in the feedlot.
Sterling’s estimate for feedlot margins last week were $307/head against $342/head the previous week.
View the full Sterling Beef Profit Tracker for the week ending Feb. 7.
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.)
