Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Fri, Jan 04, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $185.57             $171.69
 Change =>                      -0.42               -0.63
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 134,971 head of cattle.
SUPPLY (Live)  67,303 Hd
Equivalent:                   $188.88             $173.16
DEMAND (Box)   67,668 Hd*
Equivalent:                   $182.26             $170.22
Live-Box Spread:               $6.62               $2.94
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $194.26
                  Weight   Price     Head      : Se 600-900#          $182.22
  Live Steer:          1405   $126.99    26,351: Current Lds:           196.1
  Live Heifer:         1266   $127.07    16,303: Previous Lds:          211.5
  Drsd Steer:           894   $202.06    13,610
  Drsd Heifer:          775   $201.77    11,039
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       13.29
 Ch 600-900# :                 71.93%:         Steer Dressing % :      64.04%
 Ch 600-750# :                 22.72%:         Heifer Dressing %:      64.11%
 Ch 750-900# :                 49.21%:         Processing Cost  :       12.00
 Se 600-900# :                 28.07%:         Slaughter Cost   :       50.50
 Se 600-750# :                  6.54%:
 Se 750-900# :                 21.53%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 185.57                       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            16.49   $175.99   $189.38   $202.06   $200.00   $180.91
 Certified 1-3         5.26   $164.76   $178.15   $190.83   $188.77   $169.68
 Choice 1              3.58   $163.08   $176.47   $189.15   $187.09   $168.00
 Select 1            -11.60   $147.90   $161.29   $173.97   $171.91   $152.82
 Stndrd 1-3          -25.20   $134.30   $147.69   $160.37   $158.31   $139.22
 Prime 4               3.88   $163.38   $176.77   $189.45   $187.39   $168.30
 Choice 4            -11.23   $148.27   $161.66   $174.34   $172.28   $153.19
-----------------------------------------------------------------------------
*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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