Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Fri, Jun 29, 2012     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $178.47             $161.93
 Change =>                      -1.00               -1.39
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 129,542 head of cattle.
SUPPLY (Live)  59,692 Hd
Equivalent:                   $174.28             $157.78
DEMAND (Box)   69,850 Hd*
Equivalent:                   $182.66             $166.09
Live-Box Spread:              ($8.38)             ($8.31)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $194.66
                  Weight   Price     Head      : Se 600-900#          $178.09
  Live Steer:          1356   $116.45    20,256: Current Lds:           167.9
  Live Heifer:         1212   $116.40    12,547: Previous Lds:          163.0
  Drsd Steer:           893   $187.49    17,236
  Drsd Heifer:          802   $186.65     9,653
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       12.96
 Ch 600-900# :                 72.00%:         Steer Dressing % :      64.17%
 Ch 600-750# :                 23.52%:         Heifer Dressing %:      64.16%
 Ch 750-900# :                 48.48%:         Processing Cost  :       12.00
 Se 600-900# :                 28.00%:         Slaughter Cost   :       50.50
 Se 600-750# :                  7.15%:
 Se 750-900# :                 20.85%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 178.47                       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            16.50   $166.04   $181.93   $194.97   $193.27   $173.43
 Certified 1-3         4.95   $154.49   $170.38   $183.42   $181.72   $161.88
 Choice 1              3.38   $152.92   $168.81   $181.85   $180.15   $160.31
 Select 1            -12.62   $136.92   $152.81   $165.85   $164.15   $144.31
 Stndrd 1-3          -25.68   $123.86   $139.75   $152.79   $151.09   $131.25
 Prime 4               3.80   $153.34   $169.23   $182.27   $180.57   $160.73
 Choice 4            -11.38   $138.16   $154.05   $167.09   $165.39   $145.55
-----------------------------------------------------------------------------
*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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