Beef Carcass Price Equivalent

NW_LS410
Des Moines, IA     Wed, May 30, 2012     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $181.79             $173.35
 Change =>                       0.63                0.45
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Current Index Reflects the Equivalent of 157,911 head of cattle.
SUPPLY (Live)  85,279 Hd
Equivalent:                   $178.59             $170.60
DEMAND (Box)   72,632 Hd*
Equivalent:                   $185.00             $176.10
Live-Box Spread:              ($6.41)             ($5.50)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $197.00
                  Weight   Price     Head      : Se 600-900#          $188.10
  Live Steer:          1311   $121.28    30,250: Current Lds:           254.7
  Live Heifer:         1195   $121.46    22,484: Previous Lds:          170.9
  Drsd Steer:           883   $193.46    21,341
  Drsd Heifer:          801   $193.24    11,204
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       13.15
 Ch 600-900# :                 72.46%:         Steer Dressing % :      63.92%
 Ch 600-750# :                 26.04%:         Heifer Dressing %:      63.83%
 Ch 750-900# :                 46.43%:         Processing Cost  :       12.00
 Se 600-900# :                 27.54%:         Slaughter Cost   :       50.50
 Se 600-750# :                  7.56%:
 Se 750-900# :                 19.97%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 181.79                       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            17.28   $170.14   $186.03   $199.07   $197.37   $177.53
 Certified 1-3         4.82   $157.68   $173.57   $186.61   $184.91   $165.07
 Choice 1              3.38   $156.24   $172.13   $185.17   $183.47   $163.63
 Select 1             -4.07   $148.79   $164.68   $177.72   $176.02   $156.18
 Stndrd 1-3          -21.26   $131.60   $147.49   $160.53   $158.83   $138.99
 Prime 4               4.58   $157.44   $173.33   $186.37   $184.67   $164.83
 Choice 4            -11.38   $141.48   $157.37   $170.41   $168.71   $148.87
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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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