Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Wed, Feb 27, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $176.31             $173.71
 Change =>                       0.47                1.09
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 137,901 head of cattle.
SUPPLY (Live)  75,037 Hd
Equivalent:                   $179.05             $174.55
DEMAND (Box)   62,864 Hd*
Equivalent:                   $173.57             $172.87
Live-Box Spread:               $5.48               $1.68
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $185.57
                  Weight   Price     Head      : Se 600-900#          $184.87
  Live Steer:          1381   $123.83    24,731: Current Lds:           186.8
  Live Heifer:         1277   $123.59    20,042: Previous Lds:          166.5
  Drsd Steer:           899   $197.12    17,448
  Drsd Heifer:          792   $197.40    12,816
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       14.06
 Ch 600-900# :                 76.44%:         Steer Dressing % :      64.25%
 Ch 600-750# :                 26.38%:         Heifer Dressing %:      64.18%
 Ch 750-900# :                 50.06%:         Processing Cost  :       12.00
 Se 600-900# :                 23.56%:         Slaughter Cost   :       50.50
 Se 600-750# :                  4.76%:
 Se 750-900# :                 18.80%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 176.31                       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            15.34   $165.58   $178.97   $191.65   $189.59   $170.50
 Certified 1-3         4.88   $155.12   $168.51   $181.19   $179.13   $160.04
 Choice 1              3.58   $153.82   $167.21   $179.89   $177.83   $158.74
 Select 1             -0.33   $149.91   $163.30   $175.98   $173.92   $154.83
 Stndrd 1-3          -18.70   $131.54   $144.93   $157.61   $155.55   $136.46
 Prime 4               2.50   $152.74   $166.13   $178.81   $176.75   $157.66
 Choice 4            -11.46   $138.78   $152.17   $164.85   $162.79   $143.70
-----------------------------------------------------------------------------
*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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