Beef Carcass Price Equivalent

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

1. Ag markets diverge just before the long holiday weekend
2. Study suggests dairy herd water quality linked to milk production
3. Wis. lawmakers question challenges to large wells
4. Traders evening up positions ahead of the weekend Friday
5. Bio-Vet and Keller break ground on new facility
6. NOAA: Get ready for a busy hurricane season

1. Commentary: Milk faces branding dilemma
2. 4 rules for growing a business or industry
3. Salma Hayek: Milk part of 'perfect' breakfast
4. Chocolate milk a top post-workout food
5. Seven jobs more dangerous than farming
6. What do dairy exports mean for Minnesota?

1. Seven jobs more dangerous than farming
2. White House urges Senate to cut crop insurance in farm bill
3. Class III futures close out quietly last week
4. 4 rules for growing a business or industry
5. Drop in U.S. underground water levels has accelerated
6. Ongoing wave of Calif. metal theft prompts further legislation