Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Mon, Dec 03, 2012     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $186.52             $165.35
 Change =>                      -0.96               -1.23
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 106,371 head of cattle.
SUPPLY (Live)  40,395 Hd
Equivalent:                   $189.71             $168.12
DEMAND (Box)   65,976 Hd*
Equivalent:                   $183.32             $162.59
Live-Box Spread:               $6.39               $5.53
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $195.32
                  Weight   Price     Head      : Se 600-900#          $174.59
  Live Steer:          1363   $125.76    12,313: Current Lds:           140.8
  Live Heifer:         1252   $125.61     6,714: Previous Lds:          167.2
  Drsd Steer:           917   $199.75    14,202
  Drsd Heifer:          825   $199.39     7,166
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       12.84
 Ch 600-900# :                 70.74%:         Steer Dressing % :      64.18%
 Ch 600-750# :                 24.28%:         Heifer Dressing %:      64.17%
 Ch 750-900# :                 46.47%:         Processing Cost  :       12.00
 Se 600-900# :                 29.26%:         Slaughter Cost   :       50.50
 Se 600-750# :                  8.09%:
 Se 750-900# :                 21.17%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 186.52                       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            16.70   $177.15   $190.54   $203.22   $201.16   $182.07
 Certified 1-3         5.51   $165.96   $179.35   $192.03   $189.97   $170.88
 Choice 1              3.58   $164.03   $177.42   $190.10   $188.04   $168.95
 Select 1            -17.51   $142.94   $156.33   $169.01   $166.95   $147.86
 Stndrd 1-3          -28.54   $131.91   $145.30   $157.98   $155.92   $136.83
 Prime 4               4.09   $164.54   $177.93   $190.61   $188.55   $169.46
 Choice 4            -11.23   $149.22   $162.61   $175.29   $173.23   $154.14
-----------------------------------------------------------------------------
*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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