Beef Carcass Price Equivalent

NW_LS410
Des Moines, IA     Thu, Jan 31, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $177.72             $171.27
 Change =>                      -0.17                0.17
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Current Index Reflects the Equivalent of 151,430 head of cattle.
SUPPLY (Live)  77,433 Hd
Equivalent:                   $182.13             $174.29
DEMAND (Box)   73,997 Hd*
Equivalent:                   $173.32             $168.25
Live-Box Spread:               $8.81               $6.04
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $185.32
                  Weight   Price     Head      : Se 600-900#          $180.25
  Live Steer:          1387   $124.35    23,069: Current Lds:           227.1
  Live Heifer:         1242   $124.54    12,088: Previous Lds:          246.5
  Drsd Steer:           901   $198.06    25,372
  Drsd Heifer:          816   $197.85    16,904
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      Grading % Breakdown            :         Drop Credit      :       13.87
 Ch 600-900# :                 73.98%:         Steer Dressing % :      64.03%
 Ch 600-750# :                 25.69%:         Heifer Dressing %:      64.07%
 Ch 750-900# :                 48.29%:         Processing Cost  :       12.00
 Se 600-900# :                 26.02%:         Slaughter Cost   :       50.50
 Se 600-750# :                  5.91%:
 Se 750-900# :                 20.11%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 177.72                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -26.07    -12.68               -2.06    -21.15
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 Prime 1-3            15.63   $167.28   $180.67   $193.35   $191.29   $172.20
 Certified 1-3         5.13   $156.78   $170.17   $182.85   $180.79   $161.70
 Choice 1              3.58   $155.23   $168.62   $181.30   $179.24   $160.15
 Select 1             -3.69   $147.96   $161.35   $174.03   $171.97   $152.88
 Stndrd 1-3          -21.20   $130.45   $143.84   $156.52   $154.46   $135.37
 Prime 4               3.02   $154.67   $168.06   $180.74   $178.68   $159.59
 Choice 4            -11.23   $140.42   $153.81   $166.49   $164.43   $145.34
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*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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