Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Fri, Oct 05, 2012     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $179.34             $165.86
 Change =>                       0.39                0.35
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 159,326 head of cattle.
SUPPLY (Live)  83,877 Hd
Equivalent:                   $180.68             $168.07
DEMAND (Box)   75,449 Hd*
Equivalent:                   $177.99             $163.64
Live-Box Spread:               $2.69               $4.43
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $189.99
                  Weight   Price     Head      : Se 600-900#          $175.64
  Live Steer:          1375   $123.40    35,126: Current Lds:           150.6
  Live Heifer:         1220   $123.59    26,668: Previous Lds:          210.9
  Drsd Steer:           930   $189.83    14,990
  Drsd Heifer:          811   $191.63     7,093
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       13.26
 Ch 600-900# :                 70.78%:         Steer Dressing % :      64.21%
 Ch 600-750# :                 24.76%:         Heifer Dressing %:      64.21%
 Ch 750-900# :                 46.02%:         Processing Cost  :       12.00
 Se 600-900# :                 29.22%:         Slaughter Cost   :       50.50
 Se 600-750# :                  8.18%:
 Se 750-900# :                 21.03%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 179.34                       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            16.57   $166.98   $182.87   $195.91   $194.21   $174.37
 Certified 1-3         4.95   $155.36   $171.25   $184.29   $182.59   $162.75
 Choice 1              3.38   $153.79   $169.68   $182.72   $181.02   $161.18
 Select 1             -8.71   $141.70   $157.59   $170.63   $168.93   $149.09
 Stndrd 1-3          -23.93   $126.48   $142.37   $155.41   $153.71   $133.87
 Prime 4               3.87   $154.28   $170.17   $183.21   $181.51   $161.67
 Choice 4            -11.38   $139.03   $154.92   $167.96   $166.26   $146.42
-----------------------------------------------------------------------------
*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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