Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Tue, May 07, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $189.68             $179.95
 Change =>                       0.46                0.33
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 127,427 head of cattle.
SUPPLY (Live)  75,948 Hd
Equivalent:                   $190.17             $181.64
DEMAND (Box)   51,479 Hd*
Equivalent:                   $189.19             $178.26
Live-Box Spread:               $0.98               $3.38
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $201.19
                  Weight   Price     Head      : Se 600-900#          $190.26
  Live Steer:          1327   $129.04    29,007: Current Lds:           147.5
  Live Heifer:         1191   $128.90    15,415: Previous Lds:          124.9
  Drsd Steer:           854   $206.45    19,627
  Drsd Heifer:          784   $205.97    11,899
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       14.18
 Ch 600-900# :                 73.93%:         Steer Dressing % :      63.77%
 Ch 600-750# :                 24.60%:         Heifer Dressing %:      63.80%
 Ch 750-900# :                 49.32%:         Processing Cost  :       12.00
 Se 600-900# :                 26.07%:         Slaughter Cost   :       50.50
 Se 600-750# :                  6.86%:
 Se 750-900# :                 19.21%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 189.68                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -27.33    -12.66               -4.61    -22.50
-----------------------------------------------------------------------------
 Prime 1-3            13.33   $175.68   $190.35   $203.01   $198.40   $180.51
 Certified 1-3         4.86   $167.21   $181.88   $194.54   $189.93   $172.04
 Choice 1              3.37   $165.72   $180.39   $193.05   $188.44   $170.55
 Select 1             -4.63   $157.72   $172.39   $185.05   $180.44   $162.55
 Stndrd 1-3          -22.41   $139.94   $154.61   $167.27   $162.66   $144.77
 Prime 4               0.56   $162.91   $177.58   $190.24   $185.63   $167.74
 Choice 4            -11.47   $150.88   $165.55   $178.21   $173.60   $155.71
-----------------------------------------------------------------------------
*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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