Margins for beef and pork packers held steady for the most part last week, but chicken margins fell again, according to an analyst.
It was reported that U.S. beef packer margins remained stable in the red – negative by about $50 a head versus negative $45 a head the previous week – while pork margins were essentially unchanged from the precious week at a loss of $1 a head. Beef was profitable by $45 a head in the same period one year ago and pork was positive $18 a head in the corresponding period in 2014.
U.S. spot chicken margins were lower at about 21 cents per pound versus about 22 cents in the previous week. The per-pound price was about 23 cents one year ago. It was also noted that chicken breast meat prices also fell last week and are down about 27 percent from one year ago. Chicken cutout is now down about nine percent compared with corresponding 2014 levels.