Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Fri, Mar 01, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $179.99             $176.59
 Change =>                       2.88                1.93
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 188,834 head of cattle.
SUPPLY (Live)  128,204 Hd
Equivalent:                   $183.88             $179.38
DEMAND (Box)   60,630 Hd*
Equivalent:                   $176.10             $173.81
Live-Box Spread:               $7.78               $5.57
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $188.10
                  Weight   Price     Head      : Se 600-900#          $185.81
  Live Steer:          1382   $126.63    41,175: Current Lds:           143.9
  Live Heifer:         1265   $126.93    31,540: Previous Lds:          148.5
  Drsd Steer:           898   $201.14    30,598
  Drsd Heifer:          814   $200.93    24,891
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       13.88
 Ch 600-900# :                 76.44%:         Steer Dressing % :      64.15%
 Ch 600-750# :                 26.38%:         Heifer Dressing %:      64.13%
 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 = 179.99                       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   $169.26   $182.65   $195.33   $193.27   $174.18
 Certified 1-3         4.88   $158.80   $172.19   $184.87   $182.81   $163.72
 Choice 1              3.58   $157.50   $170.89   $183.57   $181.51   $162.42
 Select 1             -0.33   $153.59   $166.98   $179.66   $177.60   $158.51
 Stndrd 1-3          -18.70   $135.22   $148.61   $161.29   $159.23   $140.14
 Prime 4               2.50   $156.42   $169.81   $182.49   $180.43   $161.34
 Choice 4            -11.46   $142.46   $155.85   $168.53   $166.47   $147.38
-----------------------------------------------------------------------------
*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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