Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Fri, Mar 08, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $185.76             $182.38
 Change =>                       0.42                0.15
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 119,580 head of cattle.
SUPPLY (Live)  70,614 Hd
Equivalent:                   $186.25             $181.84
DEMAND (Box)   48,966 Hd*
Equivalent:                   $185.28             $182.93
Live-Box Spread:               $0.97              ($1.09)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $197.28
                  Weight   Price     Head      : Se 600-900#          $194.93
  Live Steer:          1362   $127.58    20,480: Current Lds:           122.0
  Live Heifer:         1222   $127.88    15,337: Previous Lds:          118.2
  Drsd Steer:           894   $203.17    20,107
  Drsd Heifer:          817   $203.03    14,690
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       13.86
 Ch 600-900# :                 75.79%:         Steer Dressing % :      63.97%
 Ch 600-750# :                 25.21%:         Heifer Dressing %:      63.95%
 Ch 750-900# :                 50.58%:         Processing Cost  :       12.00
 Se 600-900# :                 24.21%:         Slaughter Cost   :       50.50
 Se 600-750# :                  4.40%:
 Se 750-900# :                 19.81%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 185.76                       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            15.34   $175.03   $188.42   $201.10   $199.04   $179.95
 Certified 1-3         4.88   $164.57   $177.96   $190.64   $188.58   $169.49
 Choice 1              3.58   $163.27   $176.66   $189.34   $187.28   $168.19
 Select 1             -0.24   $159.45   $172.84   $185.52   $183.46   $164.37
 Stndrd 1-3          -18.70   $140.99   $154.38   $167.06   $165.00   $145.91
 Prime 4               2.50   $162.19   $175.58   $188.26   $186.20   $167.11
 Choice 4            -11.46   $148.23   $161.62   $174.30   $172.24   $153.15
-----------------------------------------------------------------------------
*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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