Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Thu, Jun 27, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $182.35             $169.49
 Change =>                       0.44                0.56
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 105,058 head of cattle.
SUPPLY (Live)  43,114 Hd
Equivalent:                   $179.32             $163.36
DEMAND (Box)   61,944 Hd*
Equivalent:                   $185.38             $175.62
Live-Box Spread:              ($6.06)            ($12.26)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $197.38
                  Weight   Price     Head      : Se 600-900#          $187.62
  Live Steer:          1369   $121.04    11,605: Current Lds:           169.5
  Live Heifer:         1228   $120.40     7,324: Previous Lds:          214.6
  Drsd Steer:           884   $193.74    18,545
  Drsd Heifer:          819   $193.71     5,640
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       14.53
 Ch 600-900# :                 72.14%:         Steer Dressing % :      64.22%
 Ch 600-750# :                 22.77%:         Heifer Dressing %:      64.06%
 Ch 750-900# :                 49.36%:         Processing Cost  :       12.00
 Se 600-900# :                 27.86%:         Slaughter Cost   :       50.50
 Se 600-750# :                  6.53%:
 Se 750-900# :                 21.33%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 182.35                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -27.33    -12.66               -4.93    -22.81
-----------------------------------------------------------------------------
 Prime 1-3            12.08   $167.10   $181.77   $194.43   $189.50   $171.62
 Certified 1-3         5.08   $160.10   $174.77   $187.43   $182.50   $164.62
 Choice 1              3.37   $158.39   $173.06   $185.72   $180.79   $162.91
 Select 1            -12.09   $142.93   $157.60   $170.26   $165.33   $147.45
 Stndrd 1-3          -26.91   $128.11   $142.78   $155.44   $150.51   $132.63
 Prime 4              -0.69   $154.33   $169.00   $181.66   $176.73   $158.85
 Choice 4            -11.47   $143.55   $158.22   $170.88   $165.95   $148.07
-----------------------------------------------------------------------------
*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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