Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Tue, Dec 04, 2012     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $186.29             $166.23
 Change =>                      -0.23                0.88
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 101,931 head of cattle.
SUPPLY (Live)  38,605 Hd
Equivalent:                   $189.54             $167.94
DEMAND (Box)   63,326 Hd*
Equivalent:                   $183.05             $164.52
Live-Box Spread:               $6.49               $3.42
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $195.05
                  Weight   Price     Head      : Se 600-900#          $176.52
  Live Steer:          1385   $125.48    11,049: Current Lds:           158.7
  Live Heifer:         1264   $125.42     6,336: Previous Lds:          140.8
  Drsd Steer:           918   $199.75    14,094
  Drsd Heifer:          825   $199.38     7,126
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       12.85
 Ch 600-900# :                 70.74%:         Steer Dressing % :      64.20%
 Ch 600-750# :                 24.28%:         Heifer Dressing %:      64.18%
 Ch 750-900# :                 46.47%:         Processing Cost  :       12.00
 Se 600-900# :                 29.26%:         Slaughter Cost   :       50.50
 Se 600-750# :                  8.09%:
 Se 750-900# :                 21.17%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 186.29                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -26.07    -12.68               -2.06    -21.15
-----------------------------------------------------------------------------
 Prime 1-3            16.70   $176.92   $190.31   $202.99   $200.93   $181.84
 Certified 1-3         5.51   $165.73   $179.12   $191.80   $189.74   $170.65
 Choice 1              3.58   $163.80   $177.19   $189.87   $187.81   $168.72
 Select 1            -17.51   $142.71   $156.10   $168.78   $166.72   $147.63
 Stndrd 1-3          -28.54   $131.68   $145.07   $157.75   $155.69   $136.60
 Prime 4               4.09   $164.31   $177.70   $190.38   $188.32   $169.23
 Choice 4            -11.23   $148.99   $162.38   $175.06   $173.00   $153.91
-----------------------------------------------------------------------------
*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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