Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Fri, May 24, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $191.41             $174.45
 Change =>                      -1.31               -0.60
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 151,053 head of cattle.
SUPPLY (Live)  95,665 Hd
Equivalent:                   $185.95             $170.45
DEMAND (Box)   55,388 Hd*
Equivalent:                   $196.87             $178.44
Live-Box Spread:             ($10.92)             ($7.99)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $208.87
                  Weight   Price     Head      : Se 600-900#          $190.44
  Live Steer:          1328   $125.12    37,485: Current Lds:           111.4
  Live Heifer:         1194   $125.03    24,107: Previous Lds:          144.5
  Drsd Steer:           861   $200.72    22,409
  Drsd Heifer:          797   $199.96    11,664
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       13.99
 Ch 600-900# :                 73.10%:         Steer Dressing % :      63.98%
 Ch 600-750# :                 24.59%:         Heifer Dressing %:      63.95%
 Ch 750-900# :                 48.52%:         Processing Cost  :       12.00
 Se 600-900# :                 26.90%:         Slaughter Cost   :       50.50
 Se 600-750# :                  7.08%:
 Se 750-900# :                 19.81%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 191.41                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -27.33    -12.66               -4.61    -22.50
-----------------------------------------------------------------------------
 Prime 1-3            12.33   $176.41   $191.08   $203.74   $199.13   $181.24
 Certified 1-3         5.08   $169.16   $183.83   $196.49   $191.88   $173.99
 Choice 1              3.37   $167.45   $182.12   $194.78   $190.17   $172.28
 Select 1            -11.63   $152.45   $167.12   $179.78   $175.17   $157.28
 Stndrd 1-3          -27.06   $137.02   $151.69   $164.35   $159.74   $141.85
 Prime 4              -0.44   $163.64   $178.31   $190.97   $186.36   $168.47
 Choice 4            -11.47   $152.61   $167.28   $179.94   $175.33   $157.44
-----------------------------------------------------------------------------
*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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