Beef Carcass Price Equivalent

NW_LS410
Des Moines, IA     Fri, Apr 27, 2012     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $177.21             $172.95
 Change =>                      -2.73               -3.12
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Current Index Reflects the Equivalent of 117,974 head of cattle.
SUPPLY (Live)  57,558 Hd
Equivalent:                   $176.15             $171.85
DEMAND (Box)   60,416 Hd*
Equivalent:                   $178.27             $174.05
Live-Box Spread:              ($2.12)             ($2.20)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $190.27
                  Weight   Price     Head      : Se 600-900#          $186.05
  Live Steer:          1311   $120.28    23,416: Current Lds:           149.3
  Live Heifer:         1189   $120.10    19,272: Previous Lds:          162.3
  Drsd Steer:           871   $196.18     9,528
  Drsd Heifer:          804   $197.08     5,342
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      Grading % Breakdown            :         Drop Credit      :       13.68
 Ch 600-900# :                 74.08%:         Steer Dressing % :      63.83%
 Ch 600-750# :                 26.06%:         Heifer Dressing %:      63.78%
 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 = 177.21                       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   $165.06   $180.95   $193.99   $192.29   $172.45
 Certified 1-3         4.32   $152.60   $168.49   $181.53   $179.83   $159.99
 Choice 1              3.38   $151.66   $167.55   $180.59   $178.89   $159.05
 Select 1             -0.35   $147.93   $163.82   $176.86   $175.16   $155.32
 Stndrd 1-3          -19.26   $129.02   $144.91   $157.95   $156.25   $136.41
 Prime 4               4.08   $152.36   $168.25   $181.29   $179.59   $159.75
 Choice 4            -11.38   $136.90   $152.79   $165.83   $164.13   $144.29
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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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