As expected, the strong beef market continued into the Labor Day weekend, the last big grilling weekend of the season, pushing the Comprehensive Cutout Value to once again reached a new record high of $404.37/cwt.
With little change in the Choice steer prices holding near $244.44/cwt., packer margin margins improved sharply averaging -$11.48/head. Feeding margins were estimated for at $666/head.
View the full Sterling Beef Profit Tracker for the week ending Aug. 30.
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.)
