Beef Carcass Price Equivalent

NW_LS410
Des Moines, IA     Thu, Apr 12, 2012     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $170.99             $169.20
 Change =>                      -0.18               -0.45
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Current Index Reflects the Equivalent of 180,870 head of cattle.
SUPPLY (Live)  92,715 Hd
Equivalent:                   $177.29             $173.63
DEMAND (Box)   88,155 Hd*
Equivalent:                   $164.70             $164.76
Live-Box Spread:              $12.59               $8.87
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $176.70
                  Weight   Price     Head      : Se 600-900#          $176.76
  Live Steer:          1319   $121.89    36,374: Current Lds:           227.9
  Live Heifer:         1205   $121.88    29,201: Previous Lds:          364.3
  Drsd Steer:           866   $194.28    15,791
  Drsd Heifer:          800   $194.43    11,349
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      Grading % Breakdown            :         Drop Credit      :       13.42
 Ch 600-900# :                 75.12%:         Steer Dressing % :      64.09%
 Ch 600-750# :                 23.87%:         Heifer Dressing %:      64.07%
 Ch 750-900# :                 51.25%:         Processing Cost  :       12.00
 Se 600-900# :                 24.88%:         Slaughter Cost   :       50.50
 Se 600-750# :                  5.36%:
 Se 750-900# :                 19.52%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 170.99                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -28.93    -13.04               -1.70    -21.54
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 Prime 1-3            16.43   $158.49   $174.38   $187.42   $185.72   $165.88
 Certified 1-3         4.20   $146.26   $162.15   $175.19   $173.49   $153.65
 Choice 1              3.38   $145.44   $161.33   $174.37   $172.67   $152.83
 Select 1              0.29   $142.35   $158.24   $171.28   $169.58   $149.74
 Stndrd 1-3          -19.01   $123.05   $138.94   $151.98   $150.28   $130.44
 Prime 4               3.73   $145.79   $161.68   $174.72   $173.02   $153.18
 Choice 4            -11.38   $130.68   $146.57   $159.61   $157.91   $138.07
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*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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