Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Fri, Jan 25, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $178.52             $170.31
 Change =>                      -0.18               -0.06
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 189,969 head of cattle.
SUPPLY (Live)  97,504 Hd
Equivalent:                   $181.60             $170.77
DEMAND (Box)   92,465 Hd*
Equivalent:                   $175.44             $169.86
Live-Box Spread:               $6.16               $0.91
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $187.44
                  Weight   Price     Head      : Se 600-900#          $181.86
  Live Steer:          1411   $122.77    28,109: Current Lds:           153.7
  Live Heifer:         1274   $122.60    18,777: Previous Lds:          201.1
  Drsd Steer:           903   $197.51    28,614
  Drsd Heifer:          814   $197.01    22,004
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       13.63
 Ch 600-900# :                 74.08%:         Steer Dressing % :      63.93%
 Ch 600-750# :                 24.73%:         Heifer Dressing %:      63.90%
 Ch 750-900# :                 49.35%:         Processing Cost  :       12.00
 Se 600-900# :                 25.92%:         Slaughter Cost   :       50.50
 Se 600-750# :                  5.84%:
 Se 750-900# :                 20.08%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 178.52                       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            15.63   $168.08   $181.47   $194.15   $192.09   $173.00
 Certified 1-3         5.13   $157.58   $170.97   $183.65   $181.59   $162.50
 Choice 1              3.58   $156.03   $169.42   $182.10   $180.04   $160.95
 Select 1             -6.69   $145.76   $159.15   $171.83   $169.77   $150.68
 Stndrd 1-3          -22.70   $129.75   $143.14   $155.82   $153.76   $134.67
 Prime 4               3.02   $155.47   $168.86   $181.54   $179.48   $160.39
 Choice 4            -11.23   $141.22   $154.61   $167.29   $165.23   $146.14
-----------------------------------------------------------------------------
*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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