Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Fri, Jan 03, 2014     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $194.70             $187.86
 Change =>                       2.19                1.93
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 189,195 head of cattle.
SUPPLY (Live)  140,905 Hd
Equivalent:                   $198.99             $190.34
DEMAND (Box)   48,290 Hd*
Equivalent:                   $190.41             $185.38
Live-Box Spread:               $8.58               $4.96
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $202.41
                  Weight   Price     Head      : Se 600-900#          $197.38
  Live Steer:          1389   $135.97    58,898: Current Lds:           115.3
  Live Heifer:         1269   $135.60    33,483: Previous Lds:           97.6
  Drsd Steer:           907   $214.80    27,744
  Drsd Heifer:          803   $215.02    20,780
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       14.92
 Ch 600-900# :                 75.07%:         Steer Dressing % :      63.28%
 Ch 600-750# :                 24.25%:         Heifer Dressing %:      63.25%
 Ch 750-900# :                 50.82%:         Processing Cost  :       12.00
 Se 600-900# :                 24.93%:         Slaughter Cost   :       50.50
 Se 600-750# :                  5.37%:
 Se 750-900# :                 19.56%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 194.70                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -27.33    -12.82               -4.61    -22.19
-----------------------------------------------------------------------------
 Prime 1-3            14.27   $181.64   $196.15   $208.97   $204.36   $186.78
 Certified 1-3         5.19   $172.56   $187.07   $199.89   $195.28   $177.70
 Choice 1              3.37   $170.74   $185.25   $198.07   $193.46   $175.88
 Select 1             -4.75   $162.62   $177.13   $189.95   $185.34   $167.76
 Stndrd 1-3          -22.63   $144.74   $159.25   $172.07   $167.46   $149.88
 Prime 4               1.64   $169.01   $183.52   $196.34   $191.73   $174.15
 Choice 4            -11.33   $156.04   $170.55   $183.37   $178.76   $161.18
-----------------------------------------------------------------------------
*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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