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Daily livestock report apr 19 2013

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Daily livestock report apr 19 2013

  1. 1. Sponsored by Vol. 11, No. 74 / April 19, 2013  A subscription update. We appreciate greatly all of you who and state-inspected comprises commercial slaughter. Ditto for produc-have contributed to support the continuation of Daily Livestock Report. tion where slaughter is the number of head and production is the num-With that said, we have to point out that you still represent a minority of ber of pounds in carcass weight.total DLR subscribers and we need those of you who have not contrib- In terms of data, FI and Commercial data differ in timing anduted to do so. The pace of contributions has slowed considerably since level of detail.March 1. We expected that but really thought the number would be All of the daily and weekly data published by USDA is for FIgreater at this point. plants only. There are three key reports. We are actively considering alternatives (or additions) to our  SJ_LS710, Estimated Daily Livestock Slaughter Under Federalvoluntary support system in case the participation rate falls short of the Inspection includes daily and week-to-date slaughter by species.level we need. One alternative is still to make payment mandatory. Calves (lightweight cattle — generally for veal) are considered aWe obviously don’t want to do that but it is still an option. Another is to separate species in this and other reports. The only detail providedinclude ads for companies who do business with the types of people is estimated weekly steer/heifer vs. cow/bull slaughter. No data onwho receive DLR. Should the latter be chosen, we will try to balance barrow/gilt, sow or boar slaughter are included.the needs of our sponsors to get their message out with our (and, we  Each Friday, the estimated slaughter figures from LS710 and esti-think, your) desire to no have ads dominate the newsletter. mated weights are used to estimate FI production by species in The best solution to that challenge is for more readers to sup- SJ_LS712, Estimated Weekly Meat Production Under Federal In-port the letter. If you have not done so already, please go to spection. This report includes estimates of the percentages ofwww.dailylivestockreport.com, click on Register in the menu bar and, each species comprised by each livestock class, listing the percentafter completing the registration process, log in and click on Support/ total cattle slaughter comprised of steers, heifers, cows and bullsDonate. This will take you to Paypal where you can use a credit card to and the percent of total hog slaughter comprised of barrows/gilts,make your contribution. OR — REGISTER and then simply mail a sows and boars.check to Daily Livestock Report, P.O. Box 2, Adel, IA 50003. We willneed you to register even if you pay by check and please be sure  SJ_LS711, Actual Slaughter Under Federal Inspection is publishedto put your e-mail address on the check or a note sent with the each Thursday and contains data for two weeks earlier, eg. yester-check. We need that to correctly match your payment to your account day’s LS 711 has data for the week that ended on April 6. Thisso our database has your payment recorded. report contains a great deal of detail. It shows actual daily slaugh- Thanks again to all who have contributed! ter by species and the percentage of each week’s slaughter com- One challenge of writing the Daily Livestock Report is that prised of each class (steers, heifer, cows, bulls, etc.) for each spe-our readers run the gamut from seasoned professionals who have cies. It also lists actual animal weights — live weights by species,forgotten more about markets than we actually know to newcom- dressed weights by class — and actual production by species.ers who are smart but ignorant of the industries, terminology, sys- This report also includes a breakout of dairy cows and “other cows”tems, etc. When we write for the pros, the lingo gets in the way. When which are assumed to be beef cows since we have no idea of whatwe write for the novices, we’re sure that a lot of the more experienced other kind of cow exists. USDA determines which group a cow willreaders might roll their eyes a bit and wonder where that comes from. fall in based on the plant in which they are slaughtered and cowOur best bet is probably to beg forgiveness from both groups from time appearance.to time. The audience is far, far from homogenous. Commercial slaughter and meat production comes from One outcome of that heterogeneity is the occasional question USDA’s monthly Livestock Slaughter report. This report provides de-about the meaning of terms that we usually take for granted so we tailed information on the number of animals slaughtered by species asthought we would address one of those today. For you pros, forgive us well as their weights and the carcass weight production of each group.— and perhaps correct us if need be. State level data are included where possible. USDA does not publish Today’s question: What does “FI” mean? Federally- state level data where doing so would reveal data for individual opera-Inspected. The term refers to slaughter or production that occurs in tions. Good examples are hog slaughter and pork production in Ken-plants that are inspected by USDA’s Food Safety and Inspection Ser- tucky and South Carolina, two states that, to our knowledge, each havevice (FSIS). Not all plants are federally-inspected. Some are inspected only one major slaughter plant. Livestock slaughter also includesthrough state programs. According to FSIS’s website, state inspection monthly estimates for FI slaughter and production. The relationshipsprograms “. . . must enforce requirements ‘at least equal to’ those im- between these monthly FI and Commercial data are often used to esti-posed under the Federal Meat and Poultry Inspection Acts.” The vast mate weekly commercial slaughter or production from weekly federally-majority of U.S. slaughter — 98.4% of the cattle and 99.2% of the hogs inspected data.in 2012 — occurs in federally-inspected plants largely because product All of these reports can be easily access through the Dailyfrom state-inspected plants is limited to intrastate shipment — ie. cannot Livestock Report website, www.dailylivestockreport.com.be shipped to another state. The total of federal-inspected slaughter The Daily Livestock Report is made possible with support from readers like you. If you enjoy this report, find if valuable and would like to sustain it going forward, consider becoming a contributor. Just go to www.DailyLivestockReport.com to contribute by credit card or send your check to The Daily Livestock Report, P.O. Box 2, Adel, IA 50003. The Daily Livestock Report is published by Steve Meyer & Len Steiner, Inc., Adel, IA and Merrimack, NH.   To subscribe, support or unsubscribe visit www.dailylivestockreport.com. Copyright © 2013  Steve Meyer and Len Steiner, Inc.  All rights reserved.  The Daily Livestock Report is not owned, controlled, endorsed or sold by CME Group Inc. or its affiliates and CME Group Inc. and its affiliates disclaim any and all responsibility for the informa on  contained herein.   CME Group®, CME® and the Globe logo are trademarks of Chicago Mercan le Exchange, Inc.   Disclaimer: The Daily Livestock Report is intended solely for informa on purposes and is not to be construed, under any circumstances, by implica on or otherwise, as an offer to sell or a solicita‐ on to buy or trade any commodi es or securi es whatsoever. Informa on is obtained from sources believed to be reliable, but is in no way guaranteed. No guarantee of any kind is implied or  possible where projec ons of future condi ons are a empted. Futures trading is not suitable for all investors, and involves the risk of loss. Past results are no indica on of future performance.  Futures are a leveraged investment, and because only a percentage of a contract’s value is require to trade, it is possible to lose more than the amount of money ini ally deposited for a futures  posi on. Therefore, traders should only use funds that they can afford to lose without affec ng their lifestyle. And only a por on of those funds should be devoted to any one trade because a  trader cannot expect to profit on every trade.  

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