Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Wed, Apr 18, 2012     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $176.03             $173.11
 Change =>                       1.21                0.90
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 164,565 head of cattle.
SUPPLY (Live)  88,219 Hd
Equivalent:                   $178.30             $174.37
DEMAND (Box)   76,346 Hd*
Equivalent:                   $173.76             $171.84
Live-Box Spread:               $4.54               $2.53
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $185.76
                  Weight   Price     Head      : Se 600-900#          $183.84
  Live Steer:          1313   $122.24    36,239: Current Lds:           240.4
  Live Heifer:         1191   $122.16    25,575: Previous Lds:          217.8
  Drsd Steer:           872   $195.47    14,899
  Drsd Heifer:          811   $195.56    11,506
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       13.37
 Ch 600-900# :                 74.41%:         Steer Dressing % :      64.06%
 Ch 600-750# :                 24.44%:         Heifer Dressing %:      64.10%
 Ch 750-900# :                 49.98%:         Processing Cost  :       12.00
 Se 600-900# :                 25.59%:         Slaughter Cost   :       50.50
 Se 600-750# :                  6.02%:
 Se 750-900# :                 19.57%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 176.03                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -28.93    -13.04               -1.70    -21.54
-----------------------------------------------------------------------------
 Prime 1-3            16.43   $163.53   $179.42   $192.46   $190.76   $170.92
 Certified 1-3         4.01   $151.11   $167.00   $180.04   $178.34   $158.50
 Choice 1              3.38   $150.48   $166.37   $179.41   $177.71   $157.87
 Select 1              0.02   $147.12   $163.01   $176.05   $174.35   $154.51
 Stndrd 1-3          -19.01   $128.09   $143.98   $157.02   $155.32   $135.48
 Prime 4               3.73   $150.83   $166.72   $179.76   $178.06   $158.22
 Choice 4            -11.38   $135.72   $151.61   $164.65   $162.95   $143.11
-----------------------------------------------------------------------------
*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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