Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Fri, Nov 16, 2012     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $183.57             $164.25
 Change =>                       0.06               -0.01
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 119,629 head of cattle.
SUPPLY (Live)  45,217 Hd
Equivalent:                   $186.11             $167.41
DEMAND (Box)   74,412 Hd*
Equivalent:                   $181.02             $161.08
Live-Box Spread:               $5.09               $6.33
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $193.02
                  Weight   Price     Head      : Se 600-900#          $173.08
  Live Steer:          1362   $124.75    13,055: Current Lds:           207.0
  Live Heifer:         1202   $125.00    13,589: Previous Lds:          194.2
  Drsd Steer:           912   $195.13    12,677
  Drsd Heifer:          811   $195.49     5,896
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       12.94
 Ch 600-900# :                 71.13%:         Steer Dressing % :      63.95%
 Ch 600-750# :                 22.35%:         Heifer Dressing %:      63.86%
 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 = 183.57                       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   $174.06   $187.45   $200.13   $198.07   $178.98
 Certified 1-3         5.38   $162.88   $176.27   $188.95   $186.89   $167.80
 Choice 1              3.58   $161.08   $174.47   $187.15   $185.09   $166.00
 Select 1            -14.60   $142.90   $156.29   $168.97   $166.91   $147.82
 Stndrd 1-3          -27.12   $130.38   $143.77   $156.45   $154.39   $135.30
 Prime 4               4.33   $161.83   $175.22   $187.90   $185.84   $166.75
 Choice 4            -10.85   $146.65   $160.04   $172.72   $170.66   $151.57
-----------------------------------------------------------------------------
*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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