Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Mon, Nov 19, 2012     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $183.98             $163.30
 Change =>                       0.41               -0.95
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 85,895 head of cattle.
SUPPLY (Live)  5,439 Hd
Equivalent:                   $185.79             $165.64
DEMAND (Box)   80,456 Hd*
Equivalent:                   $182.17             $160.97
Live-Box Spread:               $3.62               $4.67
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $194.17
                  Weight   Price     Head      : Se 600-900#          $172.97
  Live Steer:          1377   $124.46     1,101: Current Lds:           237.4
  Live Heifer:         1239   $123.86       925: Previous Lds:          207.0
  Drsd Steer:           913   $195.63     1,952
  Drsd Heifer:          816   $195.41     1,461
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       12.94
 Ch 600-900# :                 71.64%:         Steer Dressing % :      64.26%
 Ch 600-750# :                 23.23%:         Heifer Dressing %:      64.26%
 Ch 750-900# :                 48.41%:         Processing Cost  :       12.00
 Se 600-900# :                 28.36%:         Slaughter Cost   :       50.50
 Se 600-750# :                  7.35%:
 Se 750-900# :                 21.02%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 183.98                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -26.07    -12.14               -2.06    -21.15
-----------------------------------------------------------------------------
 Prime 1-3            16.63   $174.54   $188.47   $200.61   $198.55   $179.46
 Certified 1-3         5.63   $163.54   $177.47   $189.61   $187.55   $168.46
 Choice 1              3.58   $161.49   $175.42   $187.56   $185.50   $166.41
 Select 1            -16.06   $141.85   $155.78   $167.92   $165.86   $146.77
 Stndrd 1-3          -27.95   $129.96   $143.89   $156.03   $153.97   $134.88
 Prime 4               4.40   $162.31   $176.24   $188.38   $186.32   $167.23
 Choice 4            -10.85   $147.06   $160.99   $173.13   $171.07   $151.98
-----------------------------------------------------------------------------
*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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