Beef Carcass Price Equivalent

NW_LS410
Des Moines, IA     Wed, Dec 12, 2012     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $184.97             $164.45
 Change =>                      -0.32                0.21
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Current Index Reflects the Equivalent of 117,438 head of cattle.
SUPPLY (Live)  50,508 Hd
Equivalent:                   $186.17             $165.57
DEMAND (Box)   66,930 Hd*
Equivalent:                   $183.78             $163.34
Live-Box Spread:               $2.39               $2.23
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $195.78
                  Weight   Price     Head      : Se 600-900#          $175.34
  Live Steer:          1394   $123.76    13,589: Current Lds:           200.4
  Live Heifer:         1239   $123.69     8,768: Previous Lds:          188.9
  Drsd Steer:           911   $196.92    15,634
  Drsd Heifer:          819   $196.76    12,517
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      Grading % Breakdown            :         Drop Credit      :       13.12
 Ch 600-900# :                 71.47%:         Steer Dressing % :      64.06%
 Ch 600-750# :                 23.65%:         Heifer Dressing %:      64.10%
 Ch 750-900# :                 47.83%:         Processing Cost  :       12.00
 Se 600-900# :                 28.53%:         Slaughter Cost   :       50.50
 Se 600-750# :                  6.90%:
 Se 750-900# :                 21.63%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 184.97                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -26.07    -12.68               -2.06    -21.15
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 Prime 1-3            16.63   $175.53   $188.92   $201.60   $199.54   $180.45
 Certified 1-3         5.38   $164.28   $177.67   $190.35   $188.29   $169.20
 Choice 1              3.58   $162.48   $175.87   $188.55   $186.49   $167.40
 Select 1            -16.51   $142.39   $155.78   $168.46   $166.40   $147.31
 Stndrd 1-3          -27.95   $130.95   $144.34   $157.02   $154.96   $135.87
 Prime 4               4.02   $162.92   $176.31   $188.99   $186.93   $167.84
 Choice 4            -11.23   $147.67   $161.06   $173.74   $171.68   $152.59
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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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