Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Mon, Feb 04, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $177.08             $171.75
 Change =>                       0.54                1.10
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 158,115 head of cattle.
SUPPLY (Live)  76,590 Hd
Equivalent:                   $183.43             $176.49
DEMAND (Box)   81,525 Hd*
Equivalent:                   $170.74             $167.01
Live-Box Spread:              $12.69               $9.48
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $182.74
                  Weight   Price     Head      : Se 600-900#          $179.01
  Live Steer:          1390   $125.21    23,552: Current Lds:           205.6
  Live Heifer:         1278   $125.19    17,917: Previous Lds:          237.9
  Drsd Steer:           900   $201.22    18,968
  Drsd Heifer:          805   $201.17    16,153
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       13.62
 Ch 600-900# :                 75.30%:         Steer Dressing % :      64.35%
 Ch 600-750# :                 24.84%:         Heifer Dressing %:      64.39%
 Ch 750-900# :                 50.46%:         Processing Cost  :       12.00
 Se 600-900# :                 24.70%:         Slaughter Cost   :       50.50
 Se 600-750# :                  5.66%:
 Se 750-900# :                 19.04%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 177.08                       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   $166.64   $180.03   $192.71   $190.65   $171.56
 Certified 1-3         5.13   $156.14   $169.53   $182.21   $180.15   $161.06
 Choice 1              3.58   $154.59   $167.98   $180.66   $178.60   $159.51
 Select 1             -2.78   $148.23   $161.62   $174.30   $172.24   $153.15
 Stndrd 1-3          -20.70   $130.31   $143.70   $156.38   $154.32   $135.23
 Prime 4               3.02   $154.03   $167.42   $180.10   $178.04   $158.95
 Choice 4            -11.23   $139.78   $153.17   $165.85   $163.79   $144.70
-----------------------------------------------------------------------------
*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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