Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Wed, Dec 18, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $189.21             $177.37
 Change =>                      -0.02               -0.09
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 115,911 head of cattle.
SUPPLY (Live)  61,065 Hd
Equivalent:                   $192.24             $178.35
DEMAND (Box)   54,846 Hd*
Equivalent:                   $186.18             $176.38
Live-Box Spread:               $6.06               $1.97
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $198.18
                  Weight   Price     Head      : Se 600-900#          $188.38
  Live Steer:          1414   $130.60    29,567: Current Lds:           173.7
  Live Heifer:         1268   $130.68    15,963: Previous Lds:          112.9
  Drsd Steer:           898   $206.55    10,221
  Drsd Heifer:          799   $207.14     5,314
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       14.81
 Ch 600-900# :                 73.42%:         Steer Dressing % :      63.46%
 Ch 600-750# :                 24.23%:         Heifer Dressing %:      63.39%
 Ch 750-900# :                 49.19%:         Processing Cost  :       12.00
 Se 600-900# :                 26.58%:         Slaughter Cost   :       50.50
 Se 600-750# :                  6.27%:
 Se 750-900# :                 20.31%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 189.21                       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            14.46   $176.34   $191.01   $203.67   $199.06   $181.17
 Certified 1-3         5.30   $167.18   $181.85   $194.51   $189.90   $172.01
 Choice 1              3.37   $165.25   $179.92   $192.58   $187.97   $170.08
 Select 1            -10.01   $151.87   $166.54   $179.20   $174.59   $156.70
 Stndrd 1-3          -25.27   $136.61   $151.28   $163.94   $159.33   $141.44
 Prime 4               1.69   $163.57   $178.24   $190.90   $186.29   $168.40
 Choice 4            -11.47   $150.41   $165.08   $177.74   $173.13   $155.24
-----------------------------------------------------------------------------
*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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