Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Fri, Oct 12, 2012     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $180.14             $166.05
 Change =>                       0.20               -0.13
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 104,385 head of cattle.
SUPPLY (Live)  21,127 Hd
Equivalent:                   $180.60             $167.06
DEMAND (Box)   83,258 Hd*
Equivalent:                   $179.67             $165.04
Live-Box Spread:               $0.93               $2.02
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $191.67
                  Weight   Price     Head      : Se 600-900#          $177.04
  Live Steer:          1447   $122.61     9,567: Current Lds:           149.7
  Live Heifer:         1277   $123.51     7,106: Previous Lds:          243.1
  Drsd Steer:           925   $190.74     2,912
  Drsd Heifer:          827   $190.64     1,542
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       13.28
 Ch 600-900# :                 71.68%:         Steer Dressing % :      63.89%
 Ch 600-750# :                 23.21%:         Heifer Dressing %:      63.87%
 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 = 180.14                       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   $170.20   $183.59   $196.27   $194.57   $174.73
 Certified 1-3         5.13   $159.20   $172.59   $185.27   $183.57   $163.73
 Choice 1              3.58   $157.65   $171.04   $183.72   $182.02   $162.18
 Select 1             -9.42   $144.65   $158.04   $170.72   $169.02   $149.18
 Stndrd 1-3          -24.20   $129.87   $143.26   $155.94   $154.24   $134.40
 Prime 4               3.90   $157.97   $171.36   $184.04   $182.34   $162.50
 Choice 4            -10.85   $143.22   $156.61   $169.29   $167.59   $147.75
-----------------------------------------------------------------------------
*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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