Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Wed, Nov 13, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $192.13             $176.51
 Change =>                       0.37               -0.03
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 139,546 head of cattle.
SUPPLY (Live)  78,165 Hd
Equivalent:                   $193.24             $176.52
DEMAND (Box)   61,381 Hd*
Equivalent:                   $191.01             $176.49
Live-Box Spread:               $2.23               $0.03
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $203.01
                  Weight   Price     Head      : Se 600-900#          $188.49
  Live Steer:          1420   $130.88    38,158: Current Lds:           186.7
  Live Heifer:         1273   $131.13    23,432: Previous Lds:          267.1
  Drsd Steer:           917   $206.50    11,250
  Drsd Heifer:          824   $206.64     5,325
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       14.68
 Ch 600-900# :                 74.54%:         Steer Dressing % :      63.40%
 Ch 600-750# :                 27.37%:         Heifer Dressing %:      63.40%
 Ch 750-900# :                 47.18%:         Processing Cost  :       12.00
 Se 600-900# :                 25.46%:         Slaughter Cost   :       50.50
 Se 600-750# :                  6.24%:
 Se 750-900# :                 19.22%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 192.13                       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            14.21   $179.01   $193.68   $206.34   $201.73   $183.84
 Certified 1-3         5.30   $170.10   $184.77   $197.43   $192.82   $174.93
 Choice 1              3.37   $168.17   $182.84   $195.50   $190.89   $173.00
 Select 1            -12.86   $151.94   $166.61   $179.27   $174.66   $156.77
 Stndrd 1-3          -26.77   $138.03   $152.70   $165.36   $160.75   $142.86
 Prime 4               1.44   $166.24   $180.91   $193.57   $188.96   $171.07
 Choice 4            -11.47   $153.33   $168.00   $180.66   $176.05   $158.16
-----------------------------------------------------------------------------
*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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