CHICKEN, PORK, BEEF MARGINS ALL DOWN LAST WEEK: ANALYST

admin | July 28th, 2015 - 2:19 pm

The average margin for chicken, pork and beef were all down last week compared with the previous week, according to an industry analyst at BB&T Capital Markets.

The firm’s calculations show that the chicken margin reached about 19 cents per pound last week, down from about 20 cents the previous week and well off the 24 cents per pound one year ago. Pricing was flat last week while feed costs moved higher and the chicken cutout stands10 percent below year-ago figures.

The average pork margin was a loss of $4 per head, versus breakeven in the prior week. Pork margins were profitable by $16 a head in the corresponding period one year ago. Pork cutout prices also moved lower last week while pig costs were higher.

The analyst reported that the average beef packer margin was lower last week, falling to $30 a head versus the $110 per head reported in the previous week. Beef margins were slightly higher than and $20 per head reported in the same week last year. Like pork, beef cutout prices declined last week while live cattle costs moved slightly higher.

Source:  http://www.meatingplace.com/Industry/News/Details/59727, 7-14-2015

Both comments and pings are currently closed.
Facebook IconTwitter IconOn PinterestOn PinterestOn PinterestOn Pinterest