Cattle feeding margins declined nearly $20 per head last week, leaving feeders with losses in excess of $78 per head. Packer margins improved marginally, but losses remain over $100 per head for each animal processed, according to the Sterling Beef Profit Tracker. The Sterling Beef Profit Quotient declined 58 points for the week, according to estimates developed by Sterling Marketing, Inc., Vale, Ore.
Composite boxed beef cutout values dropped another $2.65 lower last week, and cattle and beef markets continued to feel the effects of softer consumer demand.
Pork producer margins improved $1.17 per head last week, with profits now above $10 per head. Pork packer margins improved $0.91 per head, resulting in losses of $9 per head, according to the Sterling Pork Profit Tracker.