Beef Carcass Price Equivalent

NW_LS410
Des Moines, IA     Fri, Apr 06, 2012     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $171.75             $168.81
 Change =>                      -2.16               -2.39
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Current Index Reflects the Equivalent of 150,846 head of cattle.
SUPPLY (Live)  71,509 Hd
Equivalent:                   $177.89             $174.33
DEMAND (Box)   79,337 Hd*
Equivalent:                   $165.61             $163.30
Live-Box Spread:              $12.28              $11.03
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $177.61
                  Weight   Price     Head      : Se 600-900#          $175.30
  Live Steer:          1303   $122.13    26,999: Current Lds:           154.6
  Live Heifer:         1204   $122.01    27,585: Previous Lds:          281.3
  Drsd Steer:           870   $193.48    12,793
  Drsd Heifer:          820   $193.66     4,132
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      Grading % Breakdown            :         Drop Credit      :       13.12
 Ch 600-900# :                 76.34%:         Steer Dressing % :      64.00%
 Ch 600-750# :                 26.58%:         Heifer Dressing %:      63.81%
 Ch 750-900# :                 49.76%:         Processing Cost  :       12.00
 Se 600-900# :                 23.66%:         Slaughter Cost   :       50.50
 Se 600-750# :                  4.83%:
 Se 750-900# :                 18.83%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 171.75                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -28.93    -13.04               -1.70    -21.54
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 Prime 1-3            16.43   $159.25   $175.14   $188.18   $186.48   $166.64
 Certified 1-3         4.20   $147.02   $162.91   $175.95   $174.25   $154.41
 Choice 1              3.38   $146.20   $162.09   $175.13   $173.43   $153.59
 Select 1              0.38   $143.20   $159.09   $172.13   $170.43   $150.59
 Stndrd 1-3          -17.10   $125.72   $141.61   $154.65   $152.95   $133.11
 Prime 4               3.73   $146.55   $162.44   $175.48   $173.78   $153.94
 Choice 4            -11.38   $131.44   $147.33   $160.37   $158.67   $138.83
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*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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