Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Mon, Apr 08, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $182.59             $178.19
 Change =>                      -0.16               -0.55
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 141,379 head of cattle.
SUPPLY (Live)  83,980 Hd
Equivalent:                   $186.24             $181.91
DEMAND (Box)   57,399 Hd*
Equivalent:                   $178.95             $174.46
Live-Box Spread:               $7.29               $7.45
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $190.95
                  Weight   Price     Head      : Se 600-900#          $186.46
  Live Steer:          1358   $128.24    28,559: Current Lds:           177.1
  Live Heifer:         1234   $128.21    20,363: Previous Lds:          103.8
  Drsd Steer:           873   $204.31    19,719
  Drsd Heifer:          802   $203.83    15,339
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       14.38
 Ch 600-900# :                 75.48%:         Steer Dressing % :      64.10%
 Ch 600-750# :                 25.09%:         Heifer Dressing %:      64.13%
 Ch 750-900# :                 50.39%:         Processing Cost  :       12.00
 Se 600-900# :                 24.52%:         Slaughter Cost   :       50.50
 Se 600-750# :                  5.75%:
 Se 750-900# :                 18.77%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 182.59                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -27.00    -12.50               -3.83    -22.50
-----------------------------------------------------------------------------
 Prime 1-3            13.14   $168.73   $183.23   $195.73   $191.90   $173.23
 Certified 1-3         4.63   $160.22   $174.72   $187.22   $183.39   $164.72
 Choice 1              3.37   $158.96   $173.46   $185.96   $182.13   $163.46
 Select 1             -0.40   $155.19   $169.69   $182.19   $178.36   $159.69
 Stndrd 1-3          -20.34   $135.25   $149.75   $162.25   $158.42   $139.75
 Prime 4               0.37   $155.96   $170.46   $182.96   $179.13   $160.46
 Choice 4            -11.47   $144.12   $158.62   $171.12   $167.29   $148.62
-----------------------------------------------------------------------------
*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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