Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Tue, Jan 08, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $186.78             $174.26
 Change =>                       1.06                1.16
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 135,421 head of cattle.
SUPPLY (Live)  61,896 Hd
Equivalent:                   $191.57             $177.21
DEMAND (Box)   73,525 Hd*
Equivalent:                   $181.98             $171.31
Live-Box Spread:               $9.59               $5.90
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $193.98
                  Weight   Price     Head      : Se 600-900#          $183.31
  Live Steer:          1402   $128.05    15,477: Current Lds:           218.0
  Live Heifer:         1257   $128.19    10,475: Previous Lds:          207.4
  Drsd Steer:           901   $204.98    21,399
  Drsd Heifer:          817   $204.92    14,545
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       13.34
 Ch 600-900# :                 72.32%:         Steer Dressing % :      63.92%
 Ch 600-750# :                 23.81%:         Heifer Dressing %:      63.93%
 Ch 750-900# :                 48.51%:         Processing Cost  :       12.00
 Se 600-900# :                 27.68%:         Slaughter Cost   :       50.50
 Se 600-750# :                  6.70%:
 Se 750-900# :                 20.98%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 186.78                       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            16.42   $177.13   $190.52   $203.20   $201.14   $182.05
 Certified 1-3         5.13   $165.84   $179.23   $191.91   $189.85   $170.76
 Choice 1              3.58   $164.29   $177.68   $190.36   $188.30   $169.21
 Select 1            -10.24   $150.47   $163.86   $176.54   $174.48   $155.39
 Stndrd 1-3          -24.45   $136.26   $149.65   $162.33   $160.27   $141.18
 Prime 4               3.81   $164.52   $177.91   $190.59   $188.53   $169.44
 Choice 4            -11.23   $149.48   $162.87   $175.55   $173.49   $154.40
-----------------------------------------------------------------------------
*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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