Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Wed, Jan 16, 2013     USDA Market News

***This report will not be released on Monday, January 21, 2013 as our 
offices will be closed in observance of the Martin Luther King, Jr. 
Holiday. If you have any questions or concerns, please contact us at 
desm.lgmn@ams.usda.gov.*** 

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $185.01             $175.05
 Change =>                      -0.21                0.24
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 113,221 head of cattle.
SUPPLY (Live)  48,593 Hd
Equivalent:                   $188.19             $175.91
DEMAND (Box)   64,628 Hd*
Equivalent:                   $181.83             $174.20
Live-Box Spread:               $6.36               $1.71
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $193.83
                  Weight   Price     Head      : Se 600-900#          $186.20
  Live Steer:          1390   $125.90    10,528: Current Lds:           183.0
  Live Heifer:         1314   $125.89     8,884: Previous Lds:          181.4
  Drsd Steer:           904   $203.03    18,308
  Drsd Heifer:          805   $202.79    10,873
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       13.53
 Ch 600-900# :                 73.91%:         Steer Dressing % :      63.86%
 Ch 600-750# :                 23.57%:         Heifer Dressing %:      63.80%
 Ch 750-900# :                 50.35%:         Processing Cost  :       12.00
 Se 600-900# :                 26.09%:         Slaughter Cost   :       50.50
 Se 600-750# :                  6.38%:
 Se 750-900# :                 19.71%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 185.01                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -26.07    -12.68               -2.06    -21.15
-----------------------------------------------------------------------------
 Prime 1-3            16.42   $175.36   $188.75   $201.43   $199.37   $180.28
 Certified 1-3         5.13   $164.07   $177.46   $190.14   $188.08   $168.99
 Choice 1              3.58   $162.52   $175.91   $188.59   $186.53   $167.44
 Select 1             -8.15   $150.79   $164.18   $176.86   $174.80   $155.71
 Stndrd 1-3          -23.37   $135.57   $148.96   $161.64   $159.58   $140.49
 Prime 4               3.81   $162.75   $176.14   $188.82   $186.76   $167.67
 Choice 4            -11.23   $147.71   $161.10   $173.78   $171.72   $152.63
-----------------------------------------------------------------------------
*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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