Beef Carcass Price Equivalent

NW_LS410
Des Moines, IA     Mon, May 14, 2012     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $177.44             $171.50
 Change =>                       0.58                0.44
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Current Index Reflects the Equivalent of 170,585 head of cattle.
SUPPLY (Live)  94,367 Hd
Equivalent:                   $175.85             $169.30
DEMAND (Box)   76,218 Hd*
Equivalent:                   $179.03             $173.70
Live-Box Spread:              ($3.18)             ($4.40)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $191.03
                  Weight   Price     Head      : Se 600-900#          $185.70
  Live Steer:          1311   $120.42    38,077: Current Lds:           181.8
  Live Heifer:         1183   $120.28    23,263: Previous Lds:          159.0
  Drsd Steer:           870   $192.34    20,957
  Drsd Heifer:          802   $191.94    12,070
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      Grading % Breakdown            :         Drop Credit      :       13.68
 Ch 600-900# :                 72.90%:         Steer Dressing % :      63.98%
 Ch 600-750# :                 25.41%:         Heifer Dressing %:      63.97%
 Ch 750-900# :                 47.50%:         Processing Cost  :       12.00
 Se 600-900# :                 27.10%:         Slaughter Cost   :       50.50
 Se 600-750# :                  8.22%:
 Se 750-900# :                 18.88%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 177.44                       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            16.93   $165.44   $181.33   $194.37   $192.67   $172.83
 Certified 1-3         4.45   $152.96   $168.85   $181.89   $180.19   $160.35
 Choice 1              3.38   $151.89   $167.78   $180.82   $179.12   $159.28
 Select 1             -2.62   $145.89   $161.78   $174.82   $173.12   $153.28
 Stndrd 1-3          -20.35   $128.16   $144.05   $157.09   $155.39   $135.55
 Prime 4               4.23   $152.74   $168.63   $181.67   $179.97   $160.13
 Choice 4            -11.38   $137.13   $153.02   $166.06   $164.36   $144.52
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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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