Beef Carcass Price Equivalent

NW_LS410
Des Moines, IA     Fri, May 11, 2012     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $176.86             $171.06
 Change =>                      -0.41               -0.40
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 153,813 head of cattle.
SUPPLY (Live)  78,617 Hd
Equivalent:                   $176.62             $171.06
DEMAND (Box)   75,196 Hd*
Equivalent:                   $177.10             $171.05
Live-Box Spread:              ($0.48)              $0.01
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $189.10
                  Weight   Price     Head      : Se 600-900#          $183.05
  Live Steer:          1318   $120.77    29,785: Current Lds:           159.0
  Live Heifer:         1194   $120.65    21,610: Previous Lds:          260.2
  Drsd Steer:           871   $193.54    17,245
  Drsd Heifer:          786   $193.47     9,977
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       13.75
 Ch 600-900# :                 73.55%:         Steer Dressing % :      63.77%
 Ch 600-750# :                 26.25%:         Heifer Dressing %:      63.74%
 Ch 750-900# :                 47.30%:         Processing Cost  :       12.00
 Se 600-900# :                 26.45%:         Slaughter Cost   :       50.50
 Se 600-750# :                  7.35%:
 Se 750-900# :                 19.10%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 176.86                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -28.93    -13.04               -1.70    -21.54
-----------------------------------------------------------------------------
 Prime 1-3            16.93   $164.86   $180.75   $193.79   $192.09   $172.25
 Certified 1-3         4.45   $152.38   $168.27   $181.31   $179.61   $159.77
 Choice 1              3.38   $151.31   $167.20   $180.24   $178.54   $158.70
 Select 1             -1.62   $146.31   $162.20   $175.24   $173.54   $153.70
 Stndrd 1-3          -19.76   $128.17   $144.06   $157.10   $155.40   $135.56
 Prime 4               4.23   $152.16   $168.05   $181.09   $179.39   $159.55
 Choice 4            -11.38   $136.55   $152.44   $165.48   $163.78   $143.94
-----------------------------------------------------------------------------
*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

1. New animal identification rules aid disease traceability
2. Oklahoma producers have access to new OQBN tool
3. Survey reveals most Americans in favor of COOL
4. Oil ends higher on weaker dollar, supplies weigh
5. Purdue's beef evaluation program receives 10,000th bull
6. Corn planting pace turns from record slow to record fast

1. Michigan hay buyers should plan purchases early
2. U.S. cattle placements rise in April as feed costs subside
3. Ag markets were mixed to start the new week
4. Corn planting pace turns from record slow to record fast
5. Corn and soybean prices continue to retrace 2012 drought rally
6. Drought losses in Oklahoma top $400 million for 2012

1. Tyson selects panel to monitor animal welfare program
2. BeefTalk: How do we get the next generation to raise beef?
3. 2014 Farm Bill: Are we near an agreement?
4. Farm bill and immigration reform action needed
5. Boxed beef hits record highs, cattle weak to lower