Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Thu, Sep 19, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $181.39             $165.66
 Change =>                      -0.21                0.13
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 119,780 head of cattle.
SUPPLY (Live)  57,508 Hd
Equivalent:                   $181.78             $166.43
DEMAND (Box)   62,272 Hd*
Equivalent:                   $181.01             $164.90
Live-Box Spread:               $0.77               $1.53
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $193.01
                  Weight   Price     Head      : Se 600-900#          $176.90
  Live Steer:          1410   $123.00    17,024: Current Lds:           173.2
  Live Heifer:         1247   $123.00    14,231: Previous Lds:          201.7
  Drsd Steer:           899   $194.00    16,169
  Drsd Heifer:          816   $194.08    10,084
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       13.99
 Ch 600-900# :                 71.13%:         Steer Dressing % :      63.90%
 Ch 600-750# :                 22.44%:         Heifer Dressing %:      63.96%
 Ch 750-900# :                 48.69%:         Processing Cost  :       12.00
 Se 600-900# :                 28.87%:         Slaughter Cost   :       50.50
 Se 600-750# :                  8.67%:
 Se 750-900# :                 20.20%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 181.39                       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            13.46   $167.52   $182.19   $194.85   $190.24   $172.35
 Certified 1-3         5.19   $159.25   $173.92   $186.58   $181.97   $164.08
 Choice 1              3.37   $157.43   $172.10   $184.76   $180.15   $162.26
 Select 1            -11.48   $142.58   $157.25   $169.91   $165.30   $147.41
 Stndrd 1-3          -26.20   $127.86   $142.53   $155.19   $150.58   $132.69
 Prime 4               0.69   $154.75   $169.42   $182.08   $177.47   $159.58
 Choice 4            -11.47   $142.59   $157.26   $169.92   $165.31   $147.42
-----------------------------------------------------------------------------
*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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