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USDA-NW: By-Product Drop Value (Steers)

***This report will not be published on Friday, November 10, 2017 due to federal holiday. Correction to hide weight trend***

Des Moines, IA     Thu, Nov 09, 2017     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 10.18 per cwt live, down
-0.03 when compared to Wednesday's value.
FOB CENTRAL U.S.
TODAY'S CALCULATIONS FOR BY-PRODUCT VALUE (STEER)
                              Lbs  Price  Change    Value
                                          Prv/Dy
Steer hide, butt brand/Pc    4.86   57.00    -       4.07
Tallow, edible (2)           1.20   28.25    -       0.34
Tallow, packer bleachable    4.50   23.25    -       1.05
Tongues,Swiss #1 0-3%,exp    0.24  370.00    -       0.89
Cheek meat, trmd             0.32  196.75   -5.25    0.63
Head meat                    0.13   82.50    -       0.11
Oxtail, selected             0.24  320.00    -       0.77
Hearts, reg, bone out        0.38   80.00   -1.00    0.30
Lips, unscalded              0.13  217.00    -       0.28
Livers, slcted, export       0.96   22.00    -       0.21
Tripe, scalded edible        0.65   94.00    -       0.61
Tripe, honeycomb bleached    0.15  178.00    -       0.27
Lungs, inedible              0.47    5.63    -       0.03
Melts                        0.14    6.75    -       0.01
Meat & bone ml 50% blk/ton   3.70  220.00    -       0.41
Blood meal 85% blk/ton pnh   0.60  650.00    -       0.20
                Totals:     18.67                   10.18
           Dressed equivalent basis (63% dress):    16.16
(1) Typical slaughter steer weighs 1,400 pounds
(2) May include Technical Animal Fat as both meet the same AFOA specifications

        **HIDE WEIGHT ADJUSTED TO REFLECT SEASONAL CHANGE**
The average value of hide and offal for the five days ending
Thu, Nov 09, 2017 was estimated at 10.13 per cwt,
*up* 0.08 from last week and down-1.73 from last year.


Source:  USDA Market News Service, Des Moines, IA
         Veronica M. Alvarado  515-284-4460  Desm.LPGMN@ams.usda.gov
         24 Hour recorded market information 515-284-4830
         www.ams.usda.gov/mnreports/NW_LS441.txt
         www.ams.usda.gov/LPSMarketNewsPage

1530C    VMA

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