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.