Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Wed, May 16, 2012     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $177.43             $171.21
 Change =>                      -0.30               -0.98
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 178,336 head of cattle.
SUPPLY (Live)  94,953 Hd
Equivalent:                   $175.88             $169.33
DEMAND (Box)   83,383 Hd*
Equivalent:                   $178.98             $173.10
Live-Box Spread:              ($3.10)             ($3.77)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $190.98
                  Weight   Price     Head      : Se 600-900#          $185.10
  Live Steer:          1310   $120.43    38,537: Current Lds:           301.8
  Live Heifer:         1184   $120.30    23,390: Previous Lds:          209.1
  Drsd Steer:           870   $192.34    20,860
  Drsd Heifer:          802   $191.92    12,166
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       13.67
 Ch 600-900# :                 72.90%:         Steer Dressing % :      63.98%
 Ch 600-750# :                 25.41%:         Heifer Dressing %:      63.97%
 Ch 750-900# :                 47.50%:         Processing Cost  :       12.00
 Se 600-900# :                 27.10%:         Slaughter Cost   :       50.50
 Se 600-750# :                  8.22%:
 Se 750-900# :                 18.88%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 177.43                       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   $165.43   $181.32   $194.36   $192.66   $172.82
 Certified 1-3         4.45   $152.95   $168.84   $181.88   $180.18   $160.34
 Choice 1              3.38   $151.88   $167.77   $180.81   $179.11   $159.27
 Select 1             -2.62   $145.88   $161.77   $174.81   $173.11   $153.27
 Stndrd 1-3          -20.35   $128.15   $144.04   $157.08   $155.38   $135.54
 Prime 4               4.23   $152.73   $168.62   $181.66   $179.96   $160.12
 Choice 4            -11.38   $137.12   $153.01   $166.05   $164.35   $144.51
-----------------------------------------------------------------------------
*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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