Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Fri, Jan 18, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $181.19             $171.43
 Change =>                      -1.73               -1.43
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 134,385 head of cattle.
SUPPLY (Live)  63,593 Hd
Equivalent:                   $184.54             $172.26
DEMAND (Box)   70,792 Hd*
Equivalent:                   $177.84             $170.61
Live-Box Spread:               $6.70               $1.65
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $189.84
                  Weight   Price     Head      : Se 600-900#          $182.61
  Live Steer:          1394   $124.49    21,010: Current Lds:           193.8
  Live Heifer:         1302   $124.25    11,796: Previous Lds:          215.4
  Drsd Steer:           899   $199.72    19,617
  Drsd Heifer:          808   $198.23    11,170
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       13.53
 Ch 600-900# :                 73.91%:         Steer Dressing % :      63.80%
 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 = 181.19                       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   $171.54   $184.93   $197.61   $195.55   $176.46
 Certified 1-3         5.13   $160.25   $173.64   $186.32   $184.26   $165.17
 Choice 1              3.58   $158.70   $172.09   $184.77   $182.71   $163.62
 Select 1             -8.15   $146.97   $160.36   $173.04   $170.98   $151.89
 Stndrd 1-3          -23.37   $131.75   $145.14   $157.82   $155.76   $136.67
 Prime 4               3.81   $158.93   $172.32   $185.00   $182.94   $163.85
 Choice 4            -11.23   $143.89   $157.28   $169.96   $167.90   $148.81
-----------------------------------------------------------------------------
*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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