Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Wed, Jul 17, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $176.25             $168.66
 Change =>                      -0.56               -0.32
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 140,201 head of cattle.
SUPPLY (Live)  72,296 Hd
Equivalent:                   $175.07             $165.54
DEMAND (Box)   67,905 Hd*
Equivalent:                   $177.44             $171.78
Live-Box Spread:              ($2.37)             ($6.24)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $189.44
                  Weight   Price     Head      : Se 600-900#          $183.78
  Live Steer:          1363   $119.85    24,770: Current Lds:           243.7
  Live Heifer:         1234   $119.61    16,942: Previous Lds:          141.3
  Drsd Steer:           865   $192.70    19,050
  Drsd Heifer:          797   $191.98    11,534
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       14.71
 Ch 600-900# :                 73.03%:         Steer Dressing % :      64.06%
 Ch 600-750# :                 25.41%:         Heifer Dressing %:      64.05%
 Ch 750-900# :                 47.62%:         Processing Cost  :       12.00
 Se 600-900# :                 26.97%:         Slaughter Cost   :       50.50
 Se 600-750# :                  6.10%:
 Se 750-900# :                 20.87%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 176.25                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -27.33    -12.82               -4.61    -22.50
-----------------------------------------------------------------------------
 Prime 1-3            12.27   $161.19   $175.70   $188.52   $183.91   $166.02
 Certified 1-3         4.74   $153.66   $168.17   $180.99   $176.38   $158.49
 Choice 1              3.37   $152.29   $166.80   $179.62   $175.01   $157.12
 Select 1             -5.63   $143.29   $157.80   $170.62   $166.01   $148.12
 Stndrd 1-3          -23.49   $125.43   $139.94   $152.76   $148.15   $130.26
 Prime 4              -0.50   $148.42   $162.93   $175.75   $171.14   $153.25
 Choice 4            -11.47   $137.45   $151.96   $164.78   $160.17   $142.28
-----------------------------------------------------------------------------
*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.LPGMN@ams.usda.gov
        24 Hour recorded market information 515-284-4830
        www.ams.usda.gov/mnreports/NW_LS410.txt
        www.ams.usda.gov/LPSMarketNewsPage



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