Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Thu, Nov 15, 2012     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $183.51             $164.26
 Change =>                      -0.15               -0.59
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 117,787 head of cattle.
SUPPLY (Live)  46,022 Hd
Equivalent:                   $186.09             $167.39
DEMAND (Box)   71,765 Hd*
Equivalent:                   $180.93             $161.13
Live-Box Spread:               $5.16               $6.26
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $192.93
                  Weight   Price     Head      : Se 600-900#          $173.13
  Live Steer:          1365   $124.76    13,802: Current Lds:           194.2
  Live Heifer:         1203   $124.99    13,809: Previous Lds:          239.7
  Drsd Steer:           909   $195.10    13,075
  Drsd Heifer:          811   $195.49     5,336
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       12.95
 Ch 600-900# :                 71.13%:         Steer Dressing % :      63.96%
 Ch 600-750# :                 22.35%:         Heifer Dressing %:      63.85%
 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 = 183.51                       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   $174.00   $187.39   $200.07   $198.01   $178.92
 Certified 1-3         5.38   $162.82   $176.21   $188.89   $186.83   $167.74
 Choice 1              3.58   $161.02   $174.41   $187.09   $185.03   $165.94
 Select 1            -14.60   $142.84   $156.23   $168.91   $166.85   $147.76
 Stndrd 1-3          -27.12   $130.32   $143.71   $156.39   $154.33   $135.24
 Prime 4               4.33   $161.77   $175.16   $187.84   $185.78   $166.69
 Choice 4            -10.85   $146.59   $159.98   $172.66   $170.60   $151.51
-----------------------------------------------------------------------------
*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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