Beef Carcass Price Equivalent

NW_LS410
Des Moines, IA     Mon, Dec 10, 2012     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $184.25             $163.39
 Change =>                      -0.29               -0.07
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Current Index Reflects the Equivalent of 119,011 head of cattle.
SUPPLY (Live)  50,882 Hd
Equivalent:                   $186.44             $165.84
DEMAND (Box)   68,129 Hd*
Equivalent:                   $182.05             $160.93
Live-Box Spread:               $4.39               $4.91
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $194.05
                  Weight   Price     Head      : Se 600-900#          $172.93
  Live Steer:          1400   $123.94    13,936: Current Lds:           150.4
  Live Heifer:         1235   $123.84     8,880: Previous Lds:          150.3
  Drsd Steer:           911   $196.92    15,651
  Drsd Heifer:          819   $196.77    12,415
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      Grading % Breakdown            :         Drop Credit      :       13.01
 Ch 600-900# :                 71.47%:         Steer Dressing % :      64.04%
 Ch 600-750# :                 23.65%:         Heifer Dressing %:      64.09%
 Ch 750-900# :                 47.83%:         Processing Cost  :       12.00
 Se 600-900# :                 28.53%:         Slaughter Cost   :       50.50
 Se 600-750# :                  6.90%:
 Se 750-900# :                 21.63%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 184.25                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -26.07    -12.68               -2.06    -21.15
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 Prime 1-3            16.63   $174.81   $188.20   $200.88   $198.82   $179.73
 Certified 1-3         5.38   $163.56   $176.95   $189.63   $187.57   $168.48
 Choice 1              3.58   $161.76   $175.15   $187.83   $185.77   $166.68
 Select 1            -16.51   $141.67   $155.06   $167.74   $165.68   $146.59
 Stndrd 1-3          -27.95   $130.23   $143.62   $156.30   $154.24   $135.15
 Prime 4               4.02   $162.20   $175.59   $188.27   $186.21   $167.12
 Choice 4            -11.23   $146.95   $160.34   $173.02   $170.96   $151.87
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*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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