Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Fri, Jul 19, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $176.19             $168.90
 Change =>                       0.03                0.29
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 134,467 head of cattle.
SUPPLY (Live)  73,575 Hd
Equivalent:                   $175.16             $165.63
DEMAND (Box)   60,892 Hd*
Equivalent:                   $177.22             $172.17
Live-Box Spread:              ($2.06)             ($6.54)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $189.22
                  Weight   Price     Head      : Se 600-900#          $184.17
  Live Steer:          1363   $119.80    24,555: Current Lds:           126.6
  Live Heifer:         1234   $119.58    16,941: Previous Lds:          153.0
  Drsd Steer:           868   $192.55    20,297
  Drsd Heifer:          799   $191.94    11,782
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       14.63
 Ch 600-900# :                 73.03%:         Steer Dressing % :      64.08%
 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 = 176.19                       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   $161.13   $175.64   $188.46   $183.85   $165.96
 Certified 1-3         4.74   $153.60   $168.11   $180.93   $176.32   $158.43
 Choice 1              3.37   $152.23   $166.74   $179.56   $174.95   $157.06
 Select 1             -5.63   $143.23   $157.74   $170.56   $165.95   $148.06
 Stndrd 1-3          -23.49   $125.37   $139.88   $152.70   $148.09   $130.20
 Prime 4              -0.50   $148.36   $162.87   $175.69   $171.08   $153.19
 Choice 4            -11.47   $137.39   $151.90   $164.72   $160.11   $142.22
-----------------------------------------------------------------------------
*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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