Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Thu, May 03, 2012     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $176.78             $172.47
 Change =>                      -0.16                0.19
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 151,740 head of cattle.
SUPPLY (Live)  81,451 Hd
Equivalent:                   $174.59             $170.03
DEMAND (Box)   70,289 Hd*
Equivalent:                   $178.96             $174.90
Live-Box Spread:              ($4.37)             ($4.87)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $190.96
                  Weight   Price     Head      : Se 600-900#          $186.90
  Live Steer:          1312   $119.85    32,536: Current Lds:           210.3
  Live Heifer:         1202   $119.83    28,363: Previous Lds:          235.0
  Drsd Steer:           869   $192.42    13,067
  Drsd Heifer:          818   $192.17     7,485
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       13.79
 Ch 600-900# :                 73.94%:         Steer Dressing % :      63.77%
 Ch 600-750# :                 25.15%:         Heifer Dressing %:      63.71%
 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 = 176.78                       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   $164.63   $180.52   $193.56   $191.86   $172.02
 Certified 1-3         4.32   $152.17   $168.06   $181.10   $179.40   $159.56
 Choice 1              3.38   $151.23   $167.12   $180.16   $178.46   $158.62
 Select 1             -0.62   $147.23   $163.12   $176.16   $174.46   $154.62
 Stndrd 1-3          -19.10   $128.75   $144.64   $157.68   $155.98   $136.14
 Prime 4               4.08   $151.93   $167.82   $180.86   $179.16   $159.32
 Choice 4            -11.38   $136.47   $152.36   $165.40   $163.70   $143.86
-----------------------------------------------------------------------------
*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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