Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Fri, May 17, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $191.86             $176.73
 Change =>                       0.31               -0.27
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 86,811 head of cattle.
SUPPLY (Live)  32,240 Hd
Equivalent:                   $186.20             $173.15
DEMAND (Box)   54,571 Hd*
Equivalent:                   $197.51             $180.31
Live-Box Spread:             ($11.31)             ($7.16)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $209.51
                  Weight   Price     Head      : Se 600-900#          $192.31
  Live Steer:          1314   $125.29    10,663: Current Lds:           108.4
  Live Heifer:         1188   $125.26     6,910: Previous Lds:          115.7
  Drsd Steer:           853   $200.79     8,026
  Drsd Heifer:          770   $199.29     6,641
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       13.96
 Ch 600-900# :                 73.00%:         Steer Dressing % :      63.77%
 Ch 600-750# :                 24.86%:         Heifer Dressing %:      63.79%
 Ch 750-900# :                 48.14%:         Processing Cost  :       12.00
 Se 600-900# :                 27.00%:         Slaughter Cost   :       50.50
 Se 600-750# :                  6.92%:
 Se 750-900# :                 20.08%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 191.86                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -27.33    -12.66               -4.61    -22.50
-----------------------------------------------------------------------------
 Prime 1-3            12.58   $177.11   $191.78   $204.44   $199.83   $181.94
 Certified 1-3         5.08   $169.61   $184.28   $196.94   $192.33   $174.44
 Choice 1              3.37   $167.90   $182.57   $195.23   $190.62   $172.73
 Select 1             -9.17   $155.36   $170.03   $182.69   $178.08   $160.19
 Stndrd 1-3          -25.41   $139.12   $153.79   $166.45   $161.84   $143.95
 Prime 4              -0.19   $164.34   $179.01   $191.67   $187.06   $169.17
 Choice 4            -11.47   $153.06   $167.73   $180.39   $175.78   $157.89
-----------------------------------------------------------------------------
*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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