Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Wed, Nov 07, 2012     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $184.70             $166.73
 Change =>                      -0.15               -0.44
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 110,856 head of cattle.
SUPPLY (Live)  42,635 Hd
Equivalent:                   $187.47             $169.30
DEMAND (Box)   68,221 Hd*
Equivalent:                   $181.93             $164.16
Live-Box Spread:               $5.54               $5.14
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $193.93
                  Weight   Price     Head      : Se 600-900#          $176.16
  Live Steer:          1422   $125.76    14,772: Current Lds:           212.5
  Live Heifer:         1316   $126.02    12,854: Previous Lds:          169.2
  Drsd Steer:           915   $196.64     8,392
  Drsd Heifer:          825   $196.64     6,617
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       12.86
 Ch 600-900# :                 70.77%:         Steer Dressing % :      63.99%
 Ch 600-750# :                 21.92%:         Heifer Dressing %:      63.99%
 Ch 750-900# :                 48.85%:         Processing Cost  :       12.00
 Se 600-900# :                 29.23%:         Slaughter Cost   :       50.50
 Se 600-750# :                  8.42%:
 Se 750-900# :                 20.81%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 184.70                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -26.07    -12.68               -2.06    -22.31
-----------------------------------------------------------------------------
 Prime 1-3            16.56   $175.19   $188.58   $201.26   $199.20   $178.95
 Certified 1-3         5.26   $163.89   $177.28   $189.96   $187.90   $167.65
 Choice 1              3.58   $162.21   $175.60   $188.28   $186.22   $165.97
 Select 1            -14.06   $144.57   $157.96   $170.64   $168.58   $148.33
 Stndrd 1-3          -26.79   $131.84   $145.23   $157.91   $155.85   $135.60
 Prime 4               4.33   $162.96   $176.35   $189.03   $186.97   $166.72
 Choice 4            -10.85   $147.78   $161.17   $173.85   $171.79   $151.54
-----------------------------------------------------------------------------
*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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