Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Thu, Jul 19, 2012     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $168.31             $155.97
 Change =>                      -0.86               -0.40
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 229,260 head of cattle.
SUPPLY (Live)  151,360 Hd
Equivalent:                   $168.03             $152.08
DEMAND (Box)   77,900 Hd*
Equivalent:                   $168.58             $159.87
Live-Box Spread:              ($0.55)             ($7.79)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $180.58
                  Weight   Price     Head      : Se 600-900#          $171.87
  Live Steer:          1379   $113.84    54,848: Current Lds:           194.4
  Live Heifer:         1230   $113.85    30,891: Previous Lds:          273.7
  Drsd Steer:           890   $180.42    41,638
  Drsd Heifer:          800   $180.00    23,983
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       13.20
 Ch 600-900# :                 72.58%:         Steer Dressing % :      64.30%
 Ch 600-750# :                 22.24%:         Heifer Dressing %:      64.30%
 Ch 750-900# :                 50.34%:         Processing Cost  :       12.00
 Se 600-900# :                 27.42%:         Slaughter Cost   :       50.50
 Se 600-750# :                  5.39%:
 Se 750-900# :                 22.03%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 168.31                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -28.93    -13.04               -1.70    -21.54
-----------------------------------------------------------------------------
 Prime 1-3            16.50   $155.88   $171.77   $184.81   $183.11   $163.27
 Certified 1-3         4.95   $144.33   $160.22   $173.26   $171.56   $151.72
 Choice 1              3.38   $142.76   $158.65   $171.69   $169.99   $150.15
 Select 1            -12.07   $127.31   $143.20   $156.24   $154.54   $134.70
 Stndrd 1-3          -25.10   $114.28   $130.17   $143.21   $141.51   $121.67
 Prime 4               3.80   $143.18   $159.07   $172.11   $170.41   $150.57
 Choice 4            -11.38   $128.00   $143.89   $156.93   $155.23   $135.39
-----------------------------------------------------------------------------
*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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