USDA Carlot Meat 4:00 Summary

NW_LS851
Des Moines, IA          Wed Nov 14, 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 value steady to weak on moderate to fairly good 
demand and moderate to heavy offerings. Select and Choice Rib and 
chuck cuts steady to weak while round and loin cuts steady to firm. 
Beef trimmings lower on a light test.

  Estimated composite cutout value of Choice 1-3 600-900 lbs 
carcasses DN 0.17 at 193.22; Select 1-3 600-900 lbs carcasses 
DN 0.29 at 174.30; based on 104.07 loads of Choice cuts, 91.56 
loads of Select cuts, 4.23 loads of Trimmings, and 39.82.
loads of coarse ground trimmings.

CARCASS PRICE EQUIVALENT INDEX VALUE
    Estimated carcass price equivalent value of Choice 1-3 600-900 lbs 
carcasses DN 0.08 at 183.66; Select 1-3 600-900 lbs carcasses DN 0.14
at 164.85.
   Current index reflects the equivalent of 124,865 head of cattle.

NATIONAL 5 DAY-ROLLING CUTTER COW CUTOUT 

   The Cutter cow carcass gross cutout value was estimated at 159.78
DN 1.24.

BY-PRODUCT DROP VALUE
   Hide and offal from a typical slaughter steer was estimated at 
12.92, UNCHANGED.

NATIONAL CARLOT PORK  
   Sales reported on 109.50 loads of pork cuts and 7.0 loads of 
trim/process pork.
    Compared to Tuesday's Close:    Fresh 1/4" trimmed loins weak;
butts steady to 1.00 lower; sknd hams 20-27 lbs not tested; 
sdls bellies 14-16 lbs 5.00 lower; lean trimmings 1.00 to 4.00 lower. 
Trading moderate, with mostly light demand and moderate offerings.

   *Calculations for a 200 lb Pork Carcass 53-54 percent lean 
0.65" -0.80" back fat at last rib.* **81.57 DN 2.55.**  Loins bone 
in fresh 1/4 inch trim 21# DN-LGT 96.00-102.00; seedless bellies 
14-16 lbs 125.00; 16-18 lbs 125.00.

CARLOT LAMB CARCASS
   DAILY CHOICE AND PRIME, YG 1-4             Head  456

Weight                Head                      Wt Avg
45-DN
45-55#
55-65#
65-75#
75-85#
85-UP

ESTIMATED DAILY LIVESTOCK SLAUGHTER
   Cattle:  121,000 Calves:  3,000; Hogs:  434,000; Sheep: 9,000

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

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