Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Mon, Dec 31, 2012     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $185.47             $171.06
 Change =>                       0.06                1.92
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 155,956 head of cattle.
SUPPLY (Live)  80,741 Hd
Equivalent:                   $188.79             $173.07
DEMAND (Box)   75,215 Hd*
Equivalent:                   $182.15             $169.05
Live-Box Spread:               $6.64               $4.02
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $194.15
                  Weight   Price     Head      : Se 600-900#          $181.05
  Live Steer:          1393   $126.83    33,747: Current Lds:           175.2
  Live Heifer:         1258   $126.90    20,232: Previous Lds:          172.1
  Drsd Steer:           891   $201.88    14,537
  Drsd Heifer:          777   $201.74    12,225
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       13.23
 Ch 600-900# :                 71.93%:         Steer Dressing % :      63.98%
 Ch 600-750# :                 22.72%:         Heifer Dressing %:      64.04%
 Ch 750-900# :                 49.21%:         Processing Cost  :       12.00
 Se 600-900# :                 28.07%:         Slaughter Cost   :       50.50
 Se 600-750# :                  6.54%:
 Se 750-900# :                 21.53%:
-----------------------------------------------------------------------------
 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            16.49   $175.89   $189.28   $201.96   $199.90   $180.81
 Certified 1-3         5.26   $164.66   $178.05   $190.73   $188.67   $169.58
 Choice 1              3.58   $162.98   $176.37   $189.05   $186.99   $167.90
 Select 1            -11.60   $147.80   $161.19   $173.87   $171.81   $152.72
 Stndrd 1-3          -25.20   $134.20   $147.59   $160.27   $158.21   $139.12
 Prime 4               3.88   $163.28   $176.67   $189.35   $187.29   $168.20
 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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