Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Tue, Dec 11, 2012     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $185.29             $164.24
 Change =>                       1.04                0.85
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 121,358 head of cattle.
SUPPLY (Live)  50,960 Hd
Equivalent:                   $186.41             $165.81
DEMAND (Box)   70,398 Hd*
Equivalent:                   $184.17             $162.67
Live-Box Spread:               $2.24               $3.14
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $196.17
                  Weight   Price     Head      : Se 600-900#          $174.67
  Live Steer:          1398   $123.83    13,998: Current Lds:           188.9
  Live Heifer:         1235   $123.79     8,704: Previous Lds:          150.4
  Drsd Steer:           911   $196.92    15,651
  Drsd Heifer:          819   $196.77    12,607
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       13.00
 Ch 600-900# :                 71.47%:         Steer Dressing % :      64.04%
 Ch 600-750# :                 23.65%:         Heifer Dressing %:      64.10%
 Ch 750-900# :                 47.83%:         Processing Cost  :       12.00
 Se 600-900# :                 28.53%:         Slaughter Cost   :       50.50
 Se 600-750# :                  6.90%:
 Se 750-900# :                 21.63%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 185.29                       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            16.63   $175.85   $189.24   $201.92   $199.86   $180.77
 Certified 1-3         5.38   $164.60   $177.99   $190.67   $188.61   $169.52
 Choice 1              3.58   $162.80   $176.19   $188.87   $186.81   $167.72
 Select 1            -16.51   $142.71   $156.10   $168.78   $166.72   $147.63
 Stndrd 1-3          -27.95   $131.27   $144.66   $157.34   $155.28   $136.19
 Prime 4               4.02   $163.24   $176.63   $189.31   $187.25   $168.16
 Choice 4            -11.23   $147.99   $161.38   $174.06   $172.00   $152.91
-----------------------------------------------------------------------------
*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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