Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Thu, May 24, 2012     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $181.68             $173.86
 Change =>                      -0.28               -0.78
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 205,262 head of cattle.
SUPPLY (Live)  129,886 Hd
Equivalent:                   $179.79             $172.88
DEMAND (Box)   75,376 Hd*
Equivalent:                   $183.56             $174.84
Live-Box Spread:              ($3.77)             ($1.96)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $195.56
                  Weight   Price     Head      : Se 600-900#          $186.84
  Live Steer:          1318   $122.47    48,472: Current Lds:           194.5
  Live Heifer:         1187   $122.45    39,417: Previous Lds:          219.9
  Drsd Steer:           866   $194.32    30,179
  Drsd Heifer:          782   $194.23    11,818
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       13.19
 Ch 600-900# :                 72.48%:         Steer Dressing % :      63.83%
 Ch 600-750# :                 25.66%:         Heifer Dressing %:      63.65%
 Ch 750-900# :                 46.83%:         Processing Cost  :       12.00
 Se 600-900# :                 27.52%:         Slaughter Cost   :       50.50
 Se 600-750# :                  8.00%:
 Se 750-900# :                 19.51%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 181.68                       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            17.28   $170.03   $185.92   $198.96   $197.26   $177.42
 Certified 1-3         4.82   $157.57   $173.46   $186.50   $184.80   $164.96
 Choice 1              3.38   $156.13   $172.02   $185.06   $183.36   $163.52
 Select 1             -2.98   $149.77   $165.66   $178.70   $177.00   $157.16
 Stndrd 1-3          -20.51   $132.24   $148.13   $161.17   $159.47   $139.63
 Prime 4               4.58   $157.33   $173.22   $186.26   $184.56   $164.72
 Choice 4            -11.38   $141.37   $157.26   $170.30   $168.60   $148.76
-----------------------------------------------------------------------------
*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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