Beef Carcass Price Equivalent

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

1. Former Eastern Livestock CEO, CFO sentenced for federal crimes
2. TSCRA works with sale barns to catch Houston cattle thief
3. Mexico says U.S. not respecting WTO ruling on meat labeling
4. Vance Publishing's 40 under 40
5. Schwieterman: Cattle futures rally sharply higher after reversal
6. ERS ag research counts

1. Michigan hay buyers should plan purchases early
2. Post-tornado composting a solution for disposal of dead livestock
3. New animal identification rules aid disease traceability
4. Seven jobs more dangerous than farming
5. Drought losses in Oklahoma top $400 million for 2012
6. Survey reveals most Americans in favor of COOL

1. Meat and climate change: How significant is the impact?
2. Survey reveals most Americans in favor of COOL
3. Commentary: GMOs: How do I hate thee?
4. Seven jobs more dangerous than farming
5. Commentary: In praise of animal foods
6. Boxed beef hits record highs, cattle weak to lower