Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Mon, Aug 19, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $182.02             $174.13
 Change =>                       1.28                0.74
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 126,630 head of cattle.
SUPPLY (Live)  74,706 Hd
Equivalent:                   $180.81             $174.12
DEMAND (Box)   51,924 Hd*
Equivalent:                   $183.22             $174.15
Live-Box Spread:              ($2.41)             ($0.03)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $195.22
                  Weight   Price     Head      : Se 600-900#          $186.15
  Live Steer:          1394   $124.14    23,184: Current Lds:           109.9
  Live Heifer:         1250   $124.30    19,331: Previous Lds:          130.4
  Drsd Steer:           898   $197.96    18,875
  Drsd Heifer:          811   $197.37    13,316
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       14.20
 Ch 600-900# :                 72.84%:         Steer Dressing % :      64.36%
 Ch 600-750# :                 24.85%:         Heifer Dressing %:      64.33%
 Ch 750-900# :                 47.98%:         Processing Cost  :       12.00
 Se 600-900# :                 27.16%:         Slaughter Cost   :       50.50
 Se 600-750# :                  6.10%:
 Se 750-900# :                 21.07%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 182.02                       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            12.71   $167.40   $182.07   $194.73   $190.12   $172.23
 Certified 1-3         4.86   $159.55   $174.22   $186.88   $182.27   $164.38
 Choice 1              3.37   $158.06   $172.73   $185.39   $180.78   $162.89
 Select 1             -2.78   $151.91   $166.58   $179.24   $174.63   $156.74
 Stndrd 1-3          -21.34   $133.35   $148.02   $160.68   $156.07   $138.18
 Prime 4              -0.06   $154.63   $169.30   $181.96   $177.35   $159.46
 Choice 4            -11.47   $143.22   $157.89   $170.55   $165.94   $148.05
-----------------------------------------------------------------------------
*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.LPGMN@ams.usda.gov
        24 Hour recorded market information 515-284-4830
        www.ams.usda.gov/mnreports/NW_LS410.txt
        www.ams.usda.gov/LPSMarketNewsPage



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