Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Fri, Dec 28, 2012     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $185.41             $169.14
 Change =>                      -0.35                0.43
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 93,195 head of cattle.
SUPPLY (Live)  18,916 Hd
Equivalent:                   $189.33             $170.00
DEMAND (Box)   74,279 Hd*
Equivalent:                   $181.49             $168.29
Live-Box Spread:               $7.84               $1.71
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $193.49
                  Weight   Price     Head      : Se 600-900#          $180.29
  Live Steer:          1387   $126.49    11,129: Current Lds:           172.1
  Live Heifer:         1237   $126.37     4,813: Previous Lds:          217.1
  Drsd Steer:           833   $200.36     1,386
  Drsd Heifer:          784   $201.28     1,588
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       13.23
 Ch 600-900# :                 71.82%:         Steer Dressing % :      63.64%
 Ch 600-750# :                 22.86%:         Heifer Dressing %:      63.69%
 Ch 750-900# :                 48.96%:         Processing Cost  :       12.00
 Se 600-900# :                 28.18%:         Slaughter Cost   :       50.50
 Se 600-750# :                  6.40%:
 Se 750-900# :                 21.79%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 185.41                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -26.07    -12.68               -2.06    -21.15
-----------------------------------------------------------------------------
 Prime 1-3            16.56   $175.90   $189.29   $201.97   $199.91   $180.82
 Certified 1-3         5.26   $164.60   $177.99   $190.67   $188.61   $169.52
 Choice 1              3.58   $162.92   $176.31   $188.99   $186.93   $167.84
 Select 1            -15.24   $144.10   $157.49   $170.17   $168.11   $149.02
 Stndrd 1-3          -27.20   $132.14   $145.53   $158.21   $156.15   $137.06
 Prime 4               3.95   $163.29   $176.68   $189.36   $187.30   $168.21
 Choice 4            -11.23   $148.11   $161.50   $174.18   $172.12   $153.03
-----------------------------------------------------------------------------
*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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