Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Mon, Sep 16, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $181.47             $165.50
 Change =>                       0.59               -0.43
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 126,534 head of cattle.
SUPPLY (Live)  57,785 Hd
Equivalent:                   $181.92             $166.57
DEMAND (Box)   68,749 Hd*
Equivalent:                   $181.02             $164.43
Live-Box Spread:               $0.90               $2.14
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $193.02
                  Weight   Price     Head      : Se 600-900#          $176.43
  Live Steer:          1409   $123.03    16,137: Current Lds:           144.5
  Live Heifer:         1246   $123.02    13,851: Previous Lds:          131.5
  Drsd Steer:           898   $194.00    16,869
  Drsd Heifer:          816   $193.99    10,928
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       13.91
 Ch 600-900# :                 71.13%:         Steer Dressing % :      63.92%
 Ch 600-750# :                 22.44%:         Heifer Dressing %:      63.99%
 Ch 750-900# :                 48.69%:         Processing Cost  :       12.00
 Se 600-900# :                 28.87%:         Slaughter Cost   :       50.50
 Se 600-750# :                  8.67%:
 Se 750-900# :                 20.20%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 181.47                       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            13.46   $167.60   $182.27   $194.93   $190.32   $172.43
 Certified 1-3         5.19   $159.33   $174.00   $186.66   $182.05   $164.16
 Choice 1              3.37   $157.51   $172.18   $184.84   $180.23   $162.34
 Select 1            -11.48   $142.66   $157.33   $169.99   $165.38   $147.49
 Stndrd 1-3          -26.20   $127.94   $142.61   $155.27   $150.66   $132.77
 Prime 4               0.69   $154.83   $169.50   $182.16   $177.55   $159.66
 Choice 4            -11.47   $142.67   $157.34   $170.00   $165.39   $147.50
-----------------------------------------------------------------------------
*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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