Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Fri, Nov 01, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $194.77             $178.75
 Change =>                       0.31                0.12
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 72,181 head of cattle.
SUPPLY (Live)  26,963 Hd
Equivalent:                   $196.93             $180.36
DEMAND (Box)   45,218 Hd*
Equivalent:                   $192.60             $177.14
Live-Box Spread:               $4.33               $3.22
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $204.60
                  Weight   Price     Head      : Se 600-900#          $189.14
  Live Steer:          1410   $131.79     9,974: Current Lds:            90.2
  Live Heifer:         1270   $131.90     6,301: Previous Lds:          119.9
  Drsd Steer:           901   $208.38     4,177
  Drsd Heifer:          769   $210.73     6,511
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       14.28
 Ch 600-900# :                 72.86%:         Steer Dressing % :      63.24%
 Ch 600-750# :                 26.18%:         Heifer Dressing %:      63.27%
 Ch 750-900# :                 46.68%:         Processing Cost  :       12.00
 Se 600-900# :                 27.14%:         Slaughter Cost   :       50.50
 Se 600-750# :                  6.48%:
 Se 750-900# :                 20.66%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 194.77                       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            14.02   $181.46   $196.13   $208.79   $204.18   $186.29
 Certified 1-3         5.30   $172.74   $187.41   $200.07   $195.46   $177.57
 Choice 1              3.37   $170.81   $185.48   $198.14   $193.53   $175.64
 Select 1            -12.71   $154.73   $169.40   $182.06   $177.45   $159.56
 Stndrd 1-3          -26.77   $140.67   $155.34   $168.00   $163.39   $145.50
 Prime 4               1.25   $168.69   $183.36   $196.02   $191.41   $173.52
 Choice 4            -11.47   $155.97   $170.64   $183.30   $178.69   $160.80
-----------------------------------------------------------------------------
*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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