USDA Carlot Meat 4:00 Summary

NW_LS851
Des Moines, IA          Mon Oct 08, 2012    USDA Market News

USDA Carlot Meat 4:00 Summary, Compared to Previous Day
Prices in dollars per hundredweight, Equated to FOB Omaha Basis  


NATIONAL BOXED BEEF CUTOUT
   Boxed beef cutout values firm on light to moderate demand and offerings.
Select and Choice rib, chuck, round and loin cuts steady to firm.  Beef 
trimmings steady on light to moderate demand and offerings.

  Estimated composite cutout value of Choice 1-3 600-900 lbs 
carcasses UP 0.58 at 190.57; Select 1-3 600-900 lbs carcasses 
UP 0.78 at 176.42; based on 66.97 loads of Choice cuts, 40.45 
loads of Select cuts, 9.55 loads of Trimmings, and 21.11
loads of coarse ground trimmings.

CARCASS PRICE EQUIVALENT INDEX VALUE
    Estimated carcass price equivalent value of Choice 1-3 600-900 lbs 
carcasses UP 0.21 at 179.55; Select 1-3 600-900 lbs carcasses DN 0.15
at 165.71.
   Current index reflects the equivalent of 157,094 head of cattle.

NATIONAL 5 DAY-ROLLING CUTTER COW CUTOUT 

   The Cutter cow carcass gross cutout value was estimated at 159.35
UP 0.28.

BY-PRODUCT DROP VALUE
   Hide and offal from a typical slaughter steer was estimated at 
13.31, UP 0.05.

NATIONAL CARLOT PORK  
   Sales reported on 18.50 loads of pork cuts and 2.0 loads of 
trim/process pork.
    Compared to Friday's Close:     Fresh 1/4" loins not tested;
boston butts firm; processing cuts along with lean trimmings not 
established. Trading slow, with light demand and offerings.

   *Calculations for a 200 lb Pork Carcass 53-54 percent lean 
0.65" -0.80" back fat at last rib.* **84.29 UP 0.02.**  

CARLOT LAMB CARCASS
   DAILY CHOICE AND PRIME, YG 1-4             Head  2,055

Weight                Head                      Wt Avg
45-DN                   75                      332.83
45-55#                  74                      331.14
55-65#                 441                      281.47
65-75#     *Price not reported due to confidentiality*               
75-85#     *Price not reported due to confidentiality*           
85-UP                  399                      207.00

ESTIMATED DAILY LIVESTOCK SLAUGHTER
   Cattle:  128,000 Calves:  3,000; Hogs:  435,000; Sheep: 8,000

Source:  USDA Market News Service, Des Moines, IA
         Lucy Clark  515-284-4460  Desm.LGMN@ams.usda.gov
         24 Hour recorded market information 515-284-4830
         www.ams.usda.gov/mnreports/NW_LS851.txt
         www.ams.usda.gov/lsmarketnews

1528C            lmc

1. Future of food discussion with Agriculture Secretary
2. Ag markets diverged prove rather volatile on Thursday
3. Dairy slaughter numbers drop a tad
4. Reduce your risk when commingling calves
5. Corn futures relapse in wake of Wednesday's rally
6. Wet U.S. Midwest sections may lead to fewer corn acres

1. Commentary: Milk faces branding dilemma
2. 4 rules for growing a business or industry
3. Chocolate milk a top post-workout food
4. Seven jobs more dangerous than farming
5. What do dairy exports mean for Minnesota?
6. Salma Hayek: Milk part of 'perfect' breakfast

1. Seven jobs more dangerous than farming
2. 2014 Farm Bill: Are we near an agreement?
3. Farm bill and immigration reform action needed
4. Class III futures close out quietly last week
5. 4 rules for growing a business or industry
6. White House urges Senate to cut crop insurance in farm bill