Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Mon, Oct 08, 2012     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $179.55             $165.71
 Change =>                       0.21               -0.15
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 157,094 head of cattle.
SUPPLY (Live)  85,625 Hd
Equivalent:                   $180.53             $166.99
DEMAND (Box)   71,469 Hd*
Equivalent:                   $178.57             $164.42
Live-Box Spread:               $1.96               $2.57
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $190.57
                  Weight   Price     Head      : Se 600-900#          $176.42
  Live Steer:          1378   $123.35    35,346: Current Lds:           138.1
  Live Heifer:         1219   $123.63    27,381: Previous Lds:          150.6
  Drsd Steer:           930   $189.95    15,208
  Drsd Heifer:          814   $191.50     7,690
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       13.31
 Ch 600-900# :                 71.68%:         Steer Dressing % :      64.20%
 Ch 600-750# :                 23.21%:         Heifer Dressing %:      64.19%
 Ch 750-900# :                 48.47%:         Processing Cost  :       12.00
 Se 600-900# :                 28.32%:         Slaughter Cost   :       50.50
 Se 600-750# :                  7.29%:
 Se 750-900# :                 21.02%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 179.55                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -26.07    -12.68               -1.70    -21.54
-----------------------------------------------------------------------------
 Prime 1-3            16.13   $169.61   $183.00   $195.68   $193.98   $174.14
 Certified 1-3         5.13   $158.61   $172.00   $184.68   $182.98   $163.14
 Choice 1              3.58   $157.06   $170.45   $183.13   $181.43   $161.59
 Select 1             -9.42   $144.06   $157.45   $170.13   $168.43   $148.59
 Stndrd 1-3          -24.20   $129.28   $142.67   $155.35   $153.65   $133.81
 Prime 4               3.90   $157.38   $170.77   $183.45   $181.75   $161.91
 Choice 4            -10.85   $142.63   $156.02   $168.70   $167.00   $147.16
-----------------------------------------------------------------------------
*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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