Beef Carcass Price Equivalent

NW_LS410
Des Moines, IA     Fri, Jul 27, 2012     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $165.67             $156.18
 Change =>                      -0.30               -0.29
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Current Index Reflects the Equivalent of 144,392 head of cattle.
SUPPLY (Live)  58,260 Hd
Equivalent:                   $166.40             $154.32
DEMAND (Box)   86,132 Hd*
Equivalent:                   $164.94             $158.03
Live-Box Spread:               $1.46              ($3.71)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $176.94
                  Weight   Price     Head      : Se 600-900#          $170.03
  Live Steer:          1375   $113.93    21,268: Current Lds:           182.8
  Live Heifer:         1227   $113.91    11,602: Previous Lds:          194.2
  Drsd Steer:           887   $180.02    17,341
  Drsd Heifer:          805   $180.02     8,049
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      Grading % Breakdown            :         Drop Credit      :       13.31
 Ch 600-900# :                 72.18%:         Steer Dressing % :      64.58%
 Ch 600-750# :                 23.48%:         Heifer Dressing %:      64.57%
 Ch 750-900# :                 48.69%:         Processing Cost  :       12.00
 Se 600-900# :                 27.82%:         Slaughter Cost   :       50.50
 Se 600-750# :                  6.32%:
 Se 750-900# :                 21.51%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 165.67                       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            16.50   $153.24   $169.13   $182.17   $180.47   $160.63
 Certified 1-3         4.95   $141.69   $157.58   $170.62   $168.92   $149.08
 Choice 1              3.38   $140.12   $156.01   $169.05   $167.35   $147.51
 Select 1             -8.17   $128.57   $144.46   $157.50   $155.80   $135.96
 Stndrd 1-3          -23.35   $113.39   $129.28   $142.32   $140.62   $120.78
 Prime 4               3.80   $140.54   $156.43   $169.47   $167.77   $147.93
 Choice 4            -11.38   $125.36   $141.25   $154.29   $152.59   $132.75
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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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