Beef Carcass Price Equivalent

NW_LS410
Des Moines, IA     Mon, Apr 23, 2012     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $178.31             $174.37
 Change =>                       0.35                0.18
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Current Index Reflects the Equivalent of 164,967 head of cattle.
SUPPLY (Live)  95,745 Hd
Equivalent:                   $180.05             $175.76
DEMAND (Box)   69,222 Hd*
Equivalent:                   $176.57             $172.99
Live-Box Spread:               $3.48               $2.77
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $188.57
                  Weight   Price     Head      : Se 600-900#          $184.99
  Live Steer:          1317   $122.85    35,114: Current Lds:           135.9
  Live Heifer:         1197   $122.38    22,975: Previous Lds:          145.5
  Drsd Steer:           876   $198.43    23,541
  Drsd Heifer:          825   $198.61    14,115
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      Grading % Breakdown            :         Drop Credit      :       13.57
 Ch 600-900# :                 74.08%:         Steer Dressing % :      64.04%
 Ch 600-750# :                 26.06%:         Heifer Dressing %:      64.03%
 Ch 750-900# :                 48.02%:         Processing Cost  :       12.00
 Se 600-900# :                 25.92%:         Slaughter Cost   :       50.50
 Se 600-750# :                  6.12%:
 Se 750-900# :                 19.80%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 178.31                       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            16.78   $166.16   $182.05   $195.09   $193.39   $173.55
 Certified 1-3         4.32   $153.70   $169.59   $182.63   $180.93   $161.09
 Choice 1              3.38   $152.76   $168.65   $181.69   $179.99   $160.15
 Select 1             -0.35   $149.03   $164.92   $177.96   $176.26   $156.42
 Stndrd 1-3          -19.26   $130.12   $146.01   $159.05   $157.35   $137.51
 Prime 4               4.08   $153.46   $169.35   $182.39   $180.69   $160.85
 Choice 4            -11.38   $138.00   $153.89   $166.93   $165.23   $145.39
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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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