Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Fri, Jun 21, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $183.79             $167.89
 Change =>                       0.04                0.16
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 136,779 head of cattle.
SUPPLY (Live)  73,128 Hd
Equivalent:                   $180.19             $161.55
DEMAND (Box)   63,651 Hd*
Equivalent:                   $187.39             $174.22
Live-Box Spread:              ($7.20)            ($12.67)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $199.39
                  Weight   Price     Head      : Se 600-900#          $186.22
  Live Steer:          1353   $120.79    24,481: Current Lds:           131.6
  Live Heifer:         1211   $120.46    12,410: Previous Lds:          149.0
  Drsd Steer:           888   $194.36    25,198
  Drsd Heifer:          809   $194.20    11,039
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       14.45
 Ch 600-900# :                 72.50%:         Steer Dressing % :      64.14%
 Ch 600-750# :                 24.88%:         Heifer Dressing %:      64.10%
 Ch 750-900# :                 47.62%:         Processing Cost  :       12.00
 Se 600-900# :                 27.50%:         Slaughter Cost   :       50.50
 Se 600-750# :                  7.74%:
 Se 750-900# :                 19.76%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 183.79                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -27.33    -12.66               -4.93    -22.19
-----------------------------------------------------------------------------
 Prime 1-3            12.14   $168.60   $183.27   $195.93   $191.00   $173.74
 Certified 1-3         5.08   $161.54   $176.21   $188.87   $183.94   $166.68
 Choice 1              3.37   $159.83   $174.50   $187.16   $182.23   $164.97
 Select 1            -14.78   $141.68   $156.35   $169.01   $164.08   $146.82
 Stndrd 1-3          -28.56   $127.90   $142.57   $155.23   $150.30   $133.04
 Prime 4              -0.63   $155.83   $170.50   $183.16   $178.23   $160.97
 Choice 4            -11.47   $144.99   $159.66   $172.32   $167.39   $150.13
-----------------------------------------------------------------------------
*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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