Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Thu, Dec 06, 2012     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $185.47             $164.45
 Change =>                      -0.58               -0.78
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 106,979 head of cattle.
SUPPLY (Live)  38,299 Hd
Equivalent:                   $188.80             $167.21
DEMAND (Box)   68,680 Hd*
Equivalent:                   $182.13             $161.70
Live-Box Spread:               $6.67               $5.51
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $194.13
                  Weight   Price     Head      : Se 600-900#          $173.70
  Live Steer:          1399   $125.26    12,613: Current Lds:           202.4
  Live Heifer:         1270   $125.39     6,611: Previous Lds:          246.7
  Drsd Steer:           916   $199.51    12,835
  Drsd Heifer:          810   $198.76     6,240
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       13.02
 Ch 600-900# :                 70.74%:         Steer Dressing % :      64.16%
 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 = 185.47                       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   $176.10   $189.49   $202.17   $200.11   $181.02
 Certified 1-3         5.51   $164.91   $178.30   $190.98   $188.92   $169.83
 Choice 1              3.58   $162.98   $176.37   $189.05   $186.99   $167.90
 Select 1            -17.51   $141.89   $155.28   $167.96   $165.90   $146.81
 Stndrd 1-3          -28.54   $130.86   $144.25   $156.93   $154.87   $135.78
 Prime 4               4.09   $163.49   $176.88   $189.56   $187.50   $168.41
 Choice 4            -11.23   $148.17   $161.56   $174.24   $172.18   $153.09
-----------------------------------------------------------------------------
*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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