Beef Carcass Price Equivalent

NW_LS410
Des Moines, IA     Wed, Apr 25, 2012     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $179.14             $175.42
 Change =>                       0.17               -0.04
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Current Index Reflects the Equivalent of 160,401 head of cattle.
SUPPLY (Live)  98,686 Hd
Equivalent:                   $179.80             $175.50
DEMAND (Box)   61,715 Hd*
Equivalent:                   $178.49             $175.34
Live-Box Spread:               $1.31               $0.16
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $190.49
                  Weight   Price     Head      : Se 600-900#          $187.34
  Live Steer:          1316   $122.75    36,297: Current Lds:           176.0
  Live Heifer:         1193   $122.14    23,871: Previous Lds:          182.0
  Drsd Steer:           876   $198.29    24,441
  Drsd Heifer:          825   $198.61    14,077
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      Grading % Breakdown            :         Drop Credit      :       13.61
 Ch 600-900# :                 74.08%:         Steer Dressing % :      64.04%
 Ch 600-750# :                 26.06%:         Heifer Dressing %:      64.02%
 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 = 179.14                       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   $166.99   $182.88   $195.92   $194.22   $174.38
 Certified 1-3         4.32   $154.53   $170.42   $183.46   $181.76   $161.92
 Choice 1              3.38   $153.59   $169.48   $182.52   $180.82   $160.98
 Select 1             -0.35   $149.86   $165.75   $178.79   $177.09   $157.25
 Stndrd 1-3          -19.26   $130.95   $146.84   $159.88   $158.18   $138.34
 Prime 4               4.08   $154.29   $170.18   $183.22   $181.52   $161.68
 Choice 4            -11.38   $138.83   $154.72   $167.76   $166.06   $146.22
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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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