Beef Carcass Price Equivalent

NW_LS410
Des Moines, IA     Wed, Apr 11, 2012     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $171.17             $169.65
 Change =>                      -0.69               -0.01
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Current Index Reflects the Equivalent of 141,976 head of cattle.
SUPPLY (Live)  49,820 Hd
Equivalent:                   $177.29             $173.63
DEMAND (Box)   92,156 Hd*
Equivalent:                   $165.06             $165.68
Live-Box Spread:              $12.23               $7.95
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $177.06
                  Weight   Price     Head      : Se 600-900#          $177.68
  Live Steer:          1342   $121.47    12,699: Current Lds:           364.3
  Live Heifer:         1230   $121.57    16,354: Previous Lds:          258.0
  Drsd Steer:           867   $193.27    15,269
  Drsd Heifer:          820   $193.54     5,498
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      Grading % Breakdown            :         Drop Credit      :       13.16
 Ch 600-900# :                 75.12%:         Steer Dressing % :      64.29%
 Ch 600-750# :                 23.87%:         Heifer Dressing %:      64.02%
 Ch 750-900# :                 51.25%:         Processing Cost  :       12.00
 Se 600-900# :                 24.88%:         Slaughter Cost   :       50.50
 Se 600-750# :                  5.36%:
 Se 750-900# :                 19.52%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 171.17                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -28.93    -13.04               -1.70    -21.54
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 Prime 1-3            16.43   $158.67   $174.56   $187.60   $185.90   $166.06
 Certified 1-3         4.20   $146.44   $162.33   $175.37   $173.67   $153.83
 Choice 1              3.38   $145.62   $161.51   $174.55   $172.85   $153.01
 Select 1              0.29   $142.53   $158.42   $171.46   $169.76   $149.92
 Stndrd 1-3          -19.01   $123.23   $139.12   $152.16   $150.46   $130.62
 Prime 4               3.73   $145.97   $161.86   $174.90   $173.20   $153.36
 Choice 4            -11.38   $130.86   $146.75   $159.79   $158.09   $138.25
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*Reflects total boxed beef load count from past 5 days
multiplied by 75, the average head per boxed beef load.
(1) differentials based upon current premiums and discounts.
Note: Index reflects simple average of live and box equivalents.

Source: USDA Market News Service, Des Moines, IA
        Bryant Smith  515-284-4460  Desm.LGMN@ams.usda.gov
        24 Hour recorded market information 515-284-4830
        www.ams.usda.gov/mnreports/NW_LS410.txt
        www.ams.usda.gov/LSMarketNews

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