Beef
U.S. dollar strength weighed upon commodity values overnight
The crop markets seemed to suffer a bit a bearish hangover after the May contracts expired Tuesday. Strong U.S. dollar gains may also be depressing commodity values.
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Cow slaughter up?
Coming into this year, the expectation was for US cow slaughter to trend lower, with some forecasts calling for a double digit decline in US cow slaughter rates.
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Ag markets posted varying price fluctuations on Tuesday
Recent cash strength may have discouraged country corn buyers, since demand was termed weak Tuesday morning.
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Beef prices soar as U.S. grilling season finally heats up
A turn to warmer weather in the United States and pent up demand for steaks and burgers ahead of the traditional grilling season sent wholesale prices for choice-grade beef to a record high of $205.91 per hundredweight on Monday.
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Grain markets mixed around midsession Tuesday
Recent cash strength may have discouraged country buyers, since demand was termed weak Tuesday morning.
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Boneless Cow Beef & Beef Trimmings - Afternoon
LM_XB401
Des Moines, IA Tue, May 14, 2013 USDA Market News
NATIONAL/REGIONAL DAILY BONELESS PROCESSING BEEF AND BEEF TRIMMINGS -
Negotiated Sales - Afternoon
FOB Plant basis negotiated sales for delivery within 0-21 day period, including
sales since last report,
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Beef Carcass Price Equivalent
NW_LS410
Des Moines, IA Tue, May 14, 2013 USDA Market News
USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE
CHOICE SELECT
Index 600-900# 600-900#
Values => $190.50 $176.96
Change
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By-Product Drop Value
NW_LS441
Des Moines, IA Tue, May 14, 2013 USDA Market News
USDA BY-PRODUCT DROP VALUE (STEER) FOB CENTRAL U.S.
The hide and offal value from a typical slaughter steer(1)
for today was estimated at 14.33 per cwt live, up
0.05 when compared to Monday's value.
FOB CENTRAL U.S.
TODAY'S
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Tallow, Proteins & Hides Report
NW_LS442
Des Moines, IA Tue, May 14, 2013 USDA Market News
USDA TALLOW, PROTEIN, AND HIDE REPORT - FOB CENTRAL U.S.
Dollars/hundredweight (unless otherwise stated) as of 3:00 PM.
TALLOW, GREASE, AND LARD Lds Price Range Wtd Avg
INEDBL, TALW/GRSE FOB CENTRAL
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Beef and Pork Variety Meats Report
NW_LS440
Des Moines, IA Tue, May 14, 2013 USDA Market News
USDA BY-PRODUCT PRICE REPORT - FOB CENTRAL U.S. BASIS
Carlot Basis - Dollars/hundredweight - as of 3:00 PM.
BEEF VARIETY MEATS - FROZEN ---------------------------------------
Items Lds Price
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Boxed Beef - Afternoon
LM_XB403
Des Moines, IA Tue, May 14, 2013 USDA Market News
NATIONAL DAILY BOXED BEEF CUTOUT AND BOXED BEEF CUTS - Negotiated Sales -
Afternoon
USDA ESTIMATED BOXED BEEF CUT-OUT VALUES - as of 1:30pm
Based on negotiated prices and volume of boxed beef cuts
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- New animal identification rules aid disease traceability
- Oklahoma producers have access to new OQBN tool
- Survey reveals most Americans in favor of COOL
- Oil ends higher on weaker dollar, supplies weigh
- Purdue's beef evaluation program receives 10,000th bull
- Corn planting pace turns from record slow to record fast
- Michigan hay buyers should plan purchases early
- U.S. cattle placements rise in April as feed costs subside
- Ag markets were mixed to start the new week
- Corn planting pace turns from record slow to record fast
- Corn and soybean prices continue to retrace 2012 drought rally
- Drought losses in Oklahoma top $400 million for 2012
