Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Tue, May 08, 2012     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $177.52             $172.32
 Change =>                       0.16                0.64
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 166,407 head of cattle.
SUPPLY (Live)  89,964 Hd
Equivalent:                   $176.21             $170.66
DEMAND (Box)   76,443 Hd*
Equivalent:                   $178.82             $173.99
Live-Box Spread:              ($2.61)             ($3.33)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $190.82
                  Weight   Price     Head      : Se 600-900#          $185.99
  Live Steer:          1320   $120.71    33,053: Current Lds:           194.8
  Live Heifer:         1195   $120.50    23,170: Previous Lds:          168.1
  Drsd Steer:           866   $192.85    21,477
  Drsd Heifer:          800   $193.24    12,264
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       13.84
 Ch 600-900# :                 73.55%:         Steer Dressing % :      63.82%
 Ch 600-750# :                 26.25%:         Heifer Dressing %:      63.78%
 Ch 750-900# :                 47.30%:         Processing Cost  :       12.00
 Se 600-900# :                 26.45%:         Slaughter Cost   :       50.50
 Se 600-750# :                  7.35%:
 Se 750-900# :                 19.10%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 177.52                       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            16.93   $165.52   $181.41   $194.45   $192.75   $172.91
 Certified 1-3         4.45   $153.04   $168.93   $181.97   $180.27   $160.43
 Choice 1              3.38   $151.97   $167.86   $180.90   $179.20   $159.36
 Select 1             -1.62   $146.97   $162.86   $175.90   $174.20   $154.36
 Stndrd 1-3          -19.76   $128.83   $144.72   $157.76   $156.06   $136.22
 Prime 4               4.23   $152.82   $168.71   $181.75   $180.05   $160.21
 Choice 4            -11.38   $137.21   $153.10   $166.14   $164.44   $144.60
-----------------------------------------------------------------------------
*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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