Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Mon, Sep 30, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $184.69             $168.16
 Change =>                       2.34                2.48
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 139,734 head of cattle.
SUPPLY (Live)  77,083 Hd
Equivalent:                   $188.13             $170.72
DEMAND (Box)   62,651 Hd*
Equivalent:                   $181.25             $165.61
Live-Box Spread:               $6.88               $5.11
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $193.25
                  Weight   Price     Head      : Se 600-900#          $177.61
  Live Steer:          1393   $125.73    19,425: Current Lds:           147.3
  Live Heifer:         1251   $125.71    13,127: Previous Lds:          147.3
  Drsd Steer:           904   $199.12    26,641
  Drsd Heifer:          804   $199.15    17,890
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       13.72
 Ch 600-900# :                 71.61%:         Steer Dressing % :      63.48%
 Ch 600-750# :                 23.87%:         Heifer Dressing %:      63.48%
 Ch 750-900# :                 47.74%:         Processing Cost  :       12.00
 Se 600-900# :                 28.39%:         Slaughter Cost   :       50.50
 Se 600-750# :                  6.79%:
 Se 750-900# :                 21.60%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 184.69                       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   $170.82   $185.49   $198.15   $193.54   $175.65
 Certified 1-3         5.19   $162.55   $177.22   $189.88   $185.27   $167.38
 Choice 1              3.37   $160.73   $175.40   $188.06   $183.45   $165.56
 Select 1            -13.55   $143.81   $158.48   $171.14   $166.53   $148.64
 Stndrd 1-3          -27.20   $130.16   $144.83   $157.49   $152.88   $134.99
 Prime 4               0.69   $158.05   $172.72   $185.38   $180.77   $162.88
 Choice 4            -11.47   $145.89   $160.56   $173.22   $168.61   $150.72
-----------------------------------------------------------------------------
*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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