Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Tue, May 01, 2012     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $176.63             $172.35
 Change =>                 unchgd                    0.23
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 139,357 head of cattle.
SUPPLY (Live)  77,091 Hd
Equivalent:                   $174.80             $170.24
DEMAND (Box)   62,266 Hd*
Equivalent:                   $178.47             $174.46
Live-Box Spread:              ($3.67)             ($4.22)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $190.47
                  Weight   Price     Head      : Se 600-900#          $186.46
  Live Steer:          1308   $119.78    30,530: Current Lds:           189.7
  Live Heifer:         1200   $119.84    28,302: Previous Lds:          152.9
  Drsd Steer:           873   $193.19    11,807
  Drsd Heifer:          812   $192.42     6,452
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       13.73
 Ch 600-900# :                 73.94%:         Steer Dressing % :      63.74%
 Ch 600-750# :                 25.15%:         Heifer Dressing %:      63.69%
 Ch 750-900# :                 48.79%:         Processing Cost  :       12.00
 Se 600-900# :                 26.06%:         Slaughter Cost   :       50.50
 Se 600-750# :                  6.13%:
 Se 750-900# :                 19.93%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 176.63                       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            16.78   $164.48   $180.37   $193.41   $191.71   $171.87
 Certified 1-3         4.32   $152.02   $167.91   $180.95   $179.25   $159.41
 Choice 1              3.38   $151.08   $166.97   $180.01   $178.31   $158.47
 Select 1             -0.62   $147.08   $162.97   $176.01   $174.31   $154.47
 Stndrd 1-3          -19.10   $128.60   $144.49   $157.53   $155.83   $135.99
 Prime 4               4.08   $151.78   $167.67   $180.71   $179.01   $159.17
 Choice 4            -11.38   $136.32   $152.21   $165.25   $163.55   $143.71
-----------------------------------------------------------------------------
*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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