Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Thu, May 10, 2012     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $177.27             $171.46
 Change =>                      -0.70               -0.96
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 161,120 head of cattle.
SUPPLY (Live)  82,021 Hd
Equivalent:                   $176.62             $171.06
DEMAND (Box)   79,099 Hd*
Equivalent:                   $177.92             $171.86
Live-Box Spread:              ($1.30)             ($0.80)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $189.92
                  Weight   Price     Head      : Se 600-900#          $183.86
  Live Steer:          1319   $120.80    30,384: Current Lds:           260.2
  Live Heifer:         1194   $120.64    21,801: Previous Lds:          247.2
  Drsd Steer:           870   $193.29    18,945
  Drsd Heifer:          794   $193.54    10,891
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       13.75
 Ch 600-900# :                 73.55%:         Steer Dressing % :      63.78%
 Ch 600-750# :                 26.25%:         Heifer Dressing %:      63.75%
 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 = 177.27                       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   $165.27   $181.16   $194.20   $192.50   $172.66
 Certified 1-3         4.45   $152.79   $168.68   $181.72   $180.02   $160.18
 Choice 1              3.38   $151.72   $167.61   $180.65   $178.95   $159.11
 Select 1             -1.62   $146.72   $162.61   $175.65   $173.95   $154.11
 Stndrd 1-3          -19.76   $128.58   $144.47   $157.51   $155.81   $135.97
 Prime 4               4.23   $152.57   $168.46   $181.50   $179.80   $159.96
 Choice 4            -11.38   $136.96   $152.85   $165.89   $164.19   $144.35
-----------------------------------------------------------------------------
*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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