Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Fri, Jun 22, 2012     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $180.49             $164.92
 Change =>                      -1.26               -0.91
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 97,416 head of cattle.
SUPPLY (Live)  21,022 Hd
Equivalent:                   $176.35             $161.75
DEMAND (Box)   76,394 Hd*
Equivalent:                   $184.63             $168.09
Live-Box Spread:              ($8.28)             ($6.34)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $196.63
                  Weight   Price     Head      : Se 600-900#          $180.09
  Live Steer:          1344   $118.86     5,516: Current Lds:           170.6
  Live Heifer:         1206   $117.05     3,609: Previous Lds:          225.4
  Drsd Steer:           878   $188.61    10,041
  Drsd Heifer:          834   $189.25     1,856
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       13.02
 Ch 600-900# :                 71.39%:         Steer Dressing % :      64.33%
 Ch 600-750# :                 24.09%:         Heifer Dressing %:      64.03%
 Ch 750-900# :                 47.29%:         Processing Cost  :       12.00
 Se 600-900# :                 28.61%:         Slaughter Cost   :       50.50
 Se 600-750# :                  7.79%:
 Se 750-900# :                 20.83%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 180.49                       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            16.14   $167.70   $183.59   $196.63   $194.93   $175.09
 Certified 1-3         4.95   $156.51   $172.40   $185.44   $183.74   $163.90
 Choice 1              3.38   $154.94   $170.83   $183.87   $182.17   $162.33
 Select 1            -10.71   $140.85   $156.74   $169.78   $168.08   $148.24
 Stndrd 1-3          -24.51   $127.05   $142.94   $155.98   $154.28   $134.44
 Prime 4               3.44   $155.00   $170.89   $183.93   $182.23   $162.39
 Choice 4            -11.38   $140.18   $156.07   $169.11   $167.41   $147.57
-----------------------------------------------------------------------------
*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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