Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Thu, Jan 24, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $178.70             $170.37
 Change =>                      -1.36               -0.84
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 180,113 head of cattle.
SUPPLY (Live)  83,020 Hd
Equivalent:                   $181.39             $170.56
DEMAND (Box)   97,093 Hd*
Equivalent:                   $176.01             $170.19
Live-Box Spread:               $5.38               $0.37
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $188.01
                  Weight   Price     Head      : Se 600-900#          $182.19
  Live Steer:          1386   $123.21    32,638: Current Lds:           201.1
  Live Heifer:         1269   $122.93    23,150: Previous Lds:          289.9
  Drsd Steer:           897   $197.09    14,822
  Drsd Heifer:          799   $196.24    12,410
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       13.62
 Ch 600-900# :                 74.08%:         Steer Dressing % :      63.64%
 Ch 600-750# :                 24.73%:         Heifer Dressing %:      63.64%
 Ch 750-900# :                 49.35%:         Processing Cost  :       12.00
 Se 600-900# :                 25.92%:         Slaughter Cost   :       50.50
 Se 600-750# :                  5.84%:
 Se 750-900# :                 20.08%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 178.70                       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            15.63   $168.26   $181.65   $194.33   $192.27   $173.18
 Certified 1-3         5.13   $157.76   $171.15   $183.83   $181.77   $162.68
 Choice 1              3.58   $156.21   $169.60   $182.28   $180.22   $161.13
 Select 1             -6.69   $145.94   $159.33   $172.01   $169.95   $150.86
 Stndrd 1-3          -22.70   $129.93   $143.32   $156.00   $153.94   $134.85
 Prime 4               3.02   $155.65   $169.04   $181.72   $179.66   $160.57
 Choice 4            -11.23   $141.40   $154.79   $167.47   $165.41   $146.32
-----------------------------------------------------------------------------
*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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