Beef Carcass Price Equivalent

NW_LS410
Des Moines, IA     Mon, Feb 11, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $176.61             $172.04
 Change =>                      -0.86               -0.71
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Current Index Reflects the Equivalent of 138,891 head of cattle.
SUPPLY (Live)  69,763 Hd
Equivalent:                   $182.51             $176.92
DEMAND (Box)   69,128 Hd*
Equivalent:                   $170.72             $167.15
Live-Box Spread:              $11.79               $9.77
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $182.72
                  Weight   Price     Head      : Se 600-900#          $179.15
  Live Steer:          1402   $125.02    21,334: Current Lds:           137.2
  Live Heifer:         1281   $124.86    14,906: Previous Lds:          216.6
  Drsd Steer:           907   $199.91    21,148
  Drsd Heifer:          821   $199.69    12,375
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      Grading % Breakdown            :         Drop Credit      :       13.59
 Ch 600-900# :                 75.40%:         Steer Dressing % :      64.29%
 Ch 600-750# :                 26.39%:         Heifer Dressing %:      64.26%
 Ch 750-900# :                 49.01%:         Processing Cost  :       12.00
 Se 600-900# :                 24.60%:         Slaughter Cost   :       50.50
 Se 600-750# :                  5.34%:
 Se 750-900# :                 19.25%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 176.61                       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            15.63   $166.17   $179.56   $192.24   $190.18   $171.09
 Certified 1-3         5.01   $155.55   $168.94   $181.62   $179.56   $160.47
 Choice 1              3.58   $154.12   $167.51   $180.19   $178.13   $159.04
 Select 1             -1.42   $149.12   $162.51   $175.19   $173.13   $154.04
 Stndrd 1-3          -19.45   $131.09   $144.48   $157.16   $155.10   $136.01
 Prime 4               3.02   $153.56   $166.95   $179.63   $177.57   $158.48
 Choice 4            -11.23   $139.31   $152.70   $165.38   $163.32   $144.23
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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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