Beef Carcass Price Equivalent

NW_LS410
Des Moines, IA     Fri, Apr 13, 2012     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $172.16             $169.75
 Change =>                       1.17                0.55
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Current Index Reflects the Equivalent of 183,573 head of cattle.
SUPPLY (Live)  94,120 Hd
Equivalent:                   $177.82             $174.16
DEMAND (Box)   89,453 Hd*
Equivalent:                   $166.51             $165.33
Live-Box Spread:              $11.31               $8.83
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $178.51
                  Weight   Price     Head      : Se 600-900#          $177.33
  Live Steer:          1318   $122.05    35,904: Current Lds:           171.9
  Live Heifer:         1193   $121.98    28,482: Previous Lds:          227.9
  Drsd Steer:           872   $194.93    17,110
  Drsd Heifer:          812   $195.26    12,624
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      Grading % Breakdown            :         Drop Credit      :       13.34
 Ch 600-900# :                 75.12%:         Steer Dressing % :      64.12%
 Ch 600-750# :                 23.87%:         Heifer Dressing %:      64.10%
 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 = 172.16                       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   $159.66   $175.55   $188.59   $186.89   $167.05
 Certified 1-3         4.20   $147.43   $163.32   $176.36   $174.66   $154.82
 Choice 1              3.38   $146.61   $162.50   $175.54   $173.84   $154.00
 Select 1              0.29   $143.52   $159.41   $172.45   $170.75   $150.91
 Stndrd 1-3          -19.01   $124.22   $140.11   $153.15   $151.45   $131.61
 Prime 4               3.73   $146.96   $162.85   $175.89   $174.19   $154.35
 Choice 4            -11.38   $131.85   $147.74   $160.78   $159.08   $139.24
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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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