Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Wed, Nov 14, 2012     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $183.66             $164.85
 Change =>                      -0.08               -0.14
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 124,865 head of cattle.
SUPPLY (Live)  50,789 Hd
Equivalent:                   $186.09             $167.39
DEMAND (Box)   74,076 Hd*
Equivalent:                   $181.22             $162.30
Live-Box Spread:               $4.87               $5.09
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $193.22
                  Weight   Price     Head      : Se 600-900#          $174.30
  Live Steer:          1379   $124.70    15,797: Current Lds:           239.7
  Live Heifer:         1217   $124.97    16,766: Previous Lds:          194.5
  Drsd Steer:           909   $195.05    12,929
  Drsd Heifer:          810   $195.49     5,297
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       12.92
 Ch 600-900# :                 71.13%:         Steer Dressing % :      63.95%
 Ch 600-750# :                 22.35%:         Heifer Dressing %:      63.84%
 Ch 750-900# :                 48.78%:         Processing Cost  :       12.00
 Se 600-900# :                 28.87%:         Slaughter Cost   :       50.50
 Se 600-750# :                  7.21%:
 Se 750-900# :                 21.66%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 183.66                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -26.07    -12.68               -2.06    -21.15
-----------------------------------------------------------------------------
 Prime 1-3            16.56   $174.15   $187.54   $200.22   $198.16   $179.07
 Certified 1-3         5.38   $162.97   $176.36   $189.04   $186.98   $167.89
 Choice 1              3.58   $161.17   $174.56   $187.24   $185.18   $166.09
 Select 1            -14.60   $142.99   $156.38   $169.06   $167.00   $147.91
 Stndrd 1-3          -27.12   $130.47   $143.86   $156.54   $154.48   $135.39
 Prime 4               4.33   $161.92   $175.31   $187.99   $185.93   $166.84
 Choice 4            -10.85   $146.74   $160.13   $172.81   $170.75   $151.66
-----------------------------------------------------------------------------
*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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