Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Fri, Jul 12, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $178.63             $169.09
 Change =>                      -0.19               -0.12
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 109,628 head of cattle.
SUPPLY (Live)  39,198 Hd
Equivalent:                   $177.72             $166.51
DEMAND (Box)   70,430 Hd*
Equivalent:                   $179.53             $171.67
Live-Box Spread:              ($1.81)             ($5.16)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $191.53
                  Weight   Price     Head      : Se 600-900#          $183.67
  Live Steer:          1379   $120.79    11,364: Current Lds:           179.0
  Live Heifer:         1252   $120.95     6,258: Previous Lds:          194.1
  Drsd Steer:           894   $193.85    12,922
  Drsd Heifer:          793   $193.68     8,654
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       14.69
 Ch 600-900# :                 72.62%:         Steer Dressing % :      64.05%
 Ch 600-750# :                 24.15%:         Heifer Dressing %:      64.08%
 Ch 750-900# :                 48.47%:         Processing Cost  :       12.00
 Se 600-900# :                 27.38%:         Slaughter Cost   :       50.50
 Se 600-750# :                  7.06%:
 Se 750-900# :                 20.32%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 178.63                       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            12.27   $163.57   $178.24   $190.90   $186.29   $168.40
 Certified 1-3         4.74   $156.04   $170.71   $183.37   $178.76   $160.87
 Choice 1              3.37   $154.67   $169.34   $182.00   $177.39   $159.50
 Select 1             -7.32   $143.98   $158.65   $171.31   $166.70   $148.81
 Stndrd 1-3          -24.41   $126.89   $141.56   $154.22   $149.61   $131.72
 Prime 4              -0.50   $150.80   $165.47   $178.13   $173.52   $155.63
 Choice 4            -11.47   $139.83   $154.50   $167.16   $162.55   $144.66
-----------------------------------------------------------------------------
*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.LPGMN@ams.usda.gov
        24 Hour recorded market information 515-284-4830
        www.ams.usda.gov/mnreports/NW_LS410.txt
        www.ams.usda.gov/LPSMarketNewsPage


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