Beef Carcass Price Equivalent

NW_LS410
Des Moines, IA     Thu, Oct 11, 2012     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $179.94             $166.18
 Change =>                       0.15                0.19
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Current Index Reflects the Equivalent of 169,404 head of cattle.
SUPPLY (Live)  86,079 Hd
Equivalent:                   $180.58             $167.03
DEMAND (Box)   83,325 Hd*
Equivalent:                   $179.31             $165.32
Live-Box Spread:               $1.27               $1.71
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $191.31
                  Weight   Price     Head      : Se 600-900#          $177.32
  Live Steer:          1378   $123.34    35,489: Current Lds:           243.1
  Live Heifer:         1220   $123.61    27,732: Previous Lds:          341.8
  Drsd Steer:           930   $189.95    15,172
  Drsd Heifer:          814   $191.51     7,686
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      Grading % Breakdown            :         Drop Credit      :       13.28
 Ch 600-900# :                 71.68%:         Steer Dressing % :      64.19%
 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%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 179.94                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -26.07    -12.68               -1.70    -21.54
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 Prime 1-3            16.13   $170.00   $183.39   $196.07   $194.37   $174.53
 Certified 1-3         5.13   $159.00   $172.39   $185.07   $183.37   $163.53
 Choice 1              3.58   $157.45   $170.84   $183.52   $181.82   $161.98
 Select 1             -9.42   $144.45   $157.84   $170.52   $168.82   $148.98
 Stndrd 1-3          -24.20   $129.67   $143.06   $155.74   $154.04   $134.20
 Prime 4               3.90   $157.77   $171.16   $183.84   $182.14   $162.30
 Choice 4            -10.85   $143.02   $156.41   $169.09   $167.39   $147.55
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*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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