Margins across the pork industry were little changed last week compared to the previous week with Sterling’s estimated packer margin at -$2.14/head compared to -$.59/head.
Sterling’s estimated producer margins averaged $82/head compared to $87.44/head the prior week and $22.22/head a year earlier.
However, there is more activity in business decisions with JBS’s announcement of a new plant to process bacon and Hormel’s announcement to discontinue bacon processing at their plant in Atlanta. This is not a plant closure as other processing will continue.
View the full Sterling Pork Profit Tracker for the week ending August 23.
The Beef and Pork Profit Trackers are calculated by Sterling Marketing, Vale, Ore.
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