Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Fri, Apr 05, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $182.75             $178.74
 Change =>                       0.08               -0.34
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 138,124 head of cattle.
SUPPLY (Live)  83,259 Hd
Equivalent:                   $186.19             $182.48
DEMAND (Box)   54,865 Hd*
Equivalent:                   $179.32             $175.01
Live-Box Spread:               $6.87               $7.47
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $191.32
                  Weight   Price     Head      : Se 600-900#          $187.01
  Live Steer:          1360   $128.22    29,016: Current Lds:           103.8
  Live Heifer:         1235   $128.22    20,558: Previous Lds:          144.3
  Drsd Steer:           876   $204.34    19,155
  Drsd Heifer:          805   $203.88    14,530
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       14.31
 Ch 600-900# :                 76.10%:         Steer Dressing % :      64.09%
 Ch 600-750# :                 24.76%:         Heifer Dressing %:      64.11%
 Ch 750-900# :                 51.33%:         Processing Cost  :       12.00
 Se 600-900# :                 23.90%:         Slaughter Cost   :       50.50
 Se 600-750# :                  4.27%:
 Se 750-900# :                 19.63%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 182.75                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -27.00    -12.50               -4.77    -22.50
-----------------------------------------------------------------------------
 Prime 1-3            13.33   $169.08   $183.58   $196.08   $191.31   $173.58
 Certified 1-3         4.63   $160.38   $174.88   $187.38   $182.61   $164.88
 Choice 1              3.37   $159.12   $173.62   $186.12   $181.35   $163.62
 Select 1              0.22   $155.97   $170.47   $182.97   $178.20   $160.47
 Stndrd 1-3          -19.27   $136.48   $150.98   $163.48   $158.71   $140.98
 Prime 4               0.56   $156.31   $170.81   $183.31   $178.54   $160.81
 Choice 4            -11.47   $144.28   $158.78   $171.28   $166.51   $148.78
-----------------------------------------------------------------------------
*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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