National Daily Carlot Pork - Afternoon

NW_LS500
Des Moines, IA     Tue, Nov 20, 2012     USDA Market News

USDA NATIONAL CARLOT PORK REPORT as of:  3:00 P.M.
Purchases equated to FOB Omaha Basis.

Compared to Monday's Close:     Fresh 1/4" trimmed loins 1.00 to
2.00 higher; butts steady; sknd hams 20-23 lbs 4.00 higher, all other weights not
tested; sdls bellies 14-16 lbs not established; lean trimmings mostly 1.00 lower.
Trading moderate, with light to moderate demand and offerings.



-------------------------------------------------------------------------------
Loads PORK CUTS          :        123.75
Loads TRIM/PROCESS PORK  :          23.0
-------------------------------------------------------------------------------

USDA ESTIMATED PORK CARCASS CUTOUT
Based on FOB Omaha carlot pork prices and industry yields.

Calculations for a 200 lb Pork Carcass. Values reflect US Dollars per 100 pounds
        53-54% lean, 0.65"-0.80" backfat at last rib
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                             Today's Primal Cutout Values
Date    Loads   Carcass Loin    Butt    Pic     Rib     Ham     Belly
-------------------------------------------------------------------------------
  11/20   146.75   81.27   85.72   86.55   64.74  127.72   64.24  117.95
Change :           -0.36   -0.48    0.61   -0.26   -0.16   -1.11    0.08
-------------------------------------------------------------------------------
  11/16     39.8   81.63   86.19   85.94   65.00  127.88   65.35  117.88
  11/16     43.8   82.23   87.03   85.27   65.13  128.10   65.50  120.38
  11/15     60.5   81.30   84.57   86.30   64.78  128.28   62.43  122.75
  11/14    116.5   81.57   81.86   85.46   70.72  127.88   63.97  122.85
Current Five Day Simple Average -
                   81.60   85.07   85.90   66.08  127.97   64.30  120.36
-------------------------------------------------------------------------------
NOTE: Value may change without adequate test. A detailed
      description of the cutout is available upon request.

FRESH PORK CUTS
LOINS, BONE-IN ----------------------------------------------------------------
  Primal Cutout Value =                                           85.72
-----------------------------Lds---------Price Range------------Wghtd Avg------
1/4" Trim 21#DN-LGT         25.0  103.00   -      106.00          104.04
1/8" Trm/less 21#DN-LGT      7.0                  112.00          112.00
1/4" Bladeless
1/4" Trim 21#/UP-MED
Combos 26/Up#(SOW)
LOINS,CNTRCUT,10-11 RIB,1/4"TRM
  Tender-in FLO  8-13#       4.0                  144.00          144.00
  Tender-out FLO 8-13#
  BNLS Strap-on  5-11#       4.0  141.00   -      145.00          143.50
  BNLS Strap-off 5-11#       8.0                  162.00          162.00
WHLE BNLS LOINS 9-13#
BNLS SIRLOIN .75-1.5#       5.50  108.00   -      121.00          116.23
BONE-IN SIR  2.5-3.5#       1.50   70.00   -       73.00           72.00
BLADE ENDS       2-4#        0.3                   72.00           72.00
TENDERLOIN   1.25/DN#       2.50  200.00   -      219.00          205.80
LOIN BACKRIB (BOXED)
 FRESH     1.5/DN#
        "     1.75/DN#
        "   1.75-2.00#
        "     2.00/UP#      4.25  201.00   -      205.00          202.41
PICNIC ------------------------------------------------------------------------
  Primal Cutout Value =                                            64.74
-----------------------------Lds---------Price Range------------Wghtd Avg------
  Smkr Trm, RS, combo
  Smkr Trm, SS, combo
  Smkr Trm, SS, boxed        1.5   99.00   -      101.00          100.33
PICNIC CUSHION MEAT
  Boxed 92%   Fresh         6.25  117.00   -      123.00          120.32
  Boxed 92%  Frozen
BOSTON BUTT -------------------------------------------------------------------
  Primal Cutout Value =                                            86.55
-----------------------------Lds---------Price Range------------Wghtd Avg------
1/4" TRM 5-10#              16.0   92.00   -      103.00           98.91
1/8" TRM 5-10#
1/4" Trim Stk Rdy
1/8" Trim Stk Rdy            9.0  114.00   -      115.00          114.44
BNLS, Butt                   1.5  114.00   -      115.00          114.67
Combo's 11/UP#(SOW)
SPARERIB ----------------------------------------------------------------------
 Primal Cutout Value =                                            127.72
-----------------------------Lds---------Price Range------------Wghtd Avg------
3BAG/3 PCVAC4.25#/DN-LGT     6.0  135.00   -      140.00          137.50
COMBOS      4.25#/DN-LGT
2 BAG/3 PCVAC4.25#/UP-ME     5.5  137.00   -      140.00          138.27
COMBOS    4.25#/UP-MED
FRESH PORK CUTS-ADDED INGREDIENTS ---------------------------------------------
-----------------------------Lds---------Price Range------------Wghtd Avg------
BONE-IN LOINS 1/8" TRIM
BONE-IN LOINS CC TENDER IN
BNLS LOINS STRAP-ON
BNLS LOINS STRAP-OFF
BNLS SIRLOIN .75-1.5#
BONE-IN SIR  2.5-3.5#
TENDERLOIN   1.25/DN#
LOIN BACKRIB FRESH 2.00/UP#
SMKR TRM SS PICNIC BOXED
1/4" TRIM BUTT
1/4" TRIM STK RDY BUTT
1/8" TRIM STK RDY BUTT
SPARERIB 4.25#/DN-LGT
SPARERIB 4.25#/UP-MED
SKINNED HAM -------------------------------------------------------------------
  Primal Cutout Value =                                            64.24
-----------------------------Lds---------Price Range------------Wghtd Avg------
BONE-IN TRIMMED
  17-20# TRIM SPEC 1
  20-23# TRIM SPEC 1         3.0                   79.00           79.00
  23-27# TRIM SPEC 1
BONE-IN 27#/up Trim Spec 1
NORTH AMERICAN EXPORTS
  HAMS, BONE-IN 23-27# TS 1
BNLS 3 MUSCLE HAMS 94-96%
BNLS 4 MUSCLE HAMS 94-96    13.0  122.00   -      126.00          124.54
BNLS 5 MUSCLE HAMS 94-96%
INSIDE
OUTSIDE
KNUCKLE
LITE BUTT
INNER SHANK
HAM TRIMMINGS (CHEM LEAN)
  Combo 72%  Fresh
  Boxed 72%  Frozen
  Combo 90%  Fresh
  Boxed 90%  Frozen
  Outer Shank Frozen
BELLY, SEEDLESS ---------------------------------------------------------------
  Primal Cutout Value =                                           117.95
-----------------------------Lds---------Price Range------------Wghtd Avg------
SKIN-ON, TRIMMED 10-12#
SKIN-ON, TRIMMED 12-14#
SKIN-ON, TRIMMED 14-16#
SKIN-ON, TRIMMED 16-18#
SKIN-ON, TRIMMED 18-20#
SKIN-ON, TRIMMED 20-25#
SKINLESS,         9-13#
SKINLESS,        13-17#
TRIMMINGS/BONELESS PROCESSING PORK (CHEMICAL LEAN) FOB BASIS
-----------------------------Lds---------Price Range------------Wghtd Avg------
Combo 42%  Fresh             8.0   35.00   -       40.00           38.13
Boxed 42%  Frozen
Combo 72%  Fresh            15.0   57.00   -       59.00           57.87
Boxed 72%  Frozen
BONELESS PICNIC MEAT
  Combo    Fresh
  Boxed    Frozen
SKINNED JOWLS
  Combo    Fresh
  Boxed    Frozen
TRIM, VISUAL TRACE OF LEAN
  Combo 12-16% Fresh
  Boxed 12-16% Frozen
-------------------------------------------------------------------------------
Specifications for all reported cuts available upon request.
-------------------------------------------------------------------------------
     STANDARD ADJUSTMENTS FOR CONVERTING TO VACUUM BASIS
Loins (13-23#'s):         Butts (4-9#'s):
 Vacpak  : report basis     Vacpak  : report basis
 Gas Pak : minus $2.00      Gas Pak : no price differential
 Paper   : minus $5.00      Paper   : minus $3.00
 Combo   : minus $6.00      Combo   : minus $4.00
Spareribs:              Adjustments for Trim -
 Vacpak  : report basis   Bone-in Center Cut Loins:
 Polywrap: minus $7.00      False Lean Off (FLO): report basis
Tenderloins:                False Lean On  : minus $5.00
 Vacpak  : report basis   Boneless Center Cut Loins:
 Polywrap: minus $10.00     1/4" Trim : report basis
                            1/8" Trim : add $6.00
-------------------------------------------------------------------------------
Source:     USDA Market News Service, Des Moines, IA
            John Kimbrell/Chris Sommers/Alan Hummel 515-284-4460 Desm.LGMN@ams.usda.gov
            24 Hour recorded market information 515-284-4830
            www.ams.usda.gov/mnreports/NW_LS500.txt
            www.ams.usda.gov/LSMarketNews

   1530C

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