Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Wed, Jan 02, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $185.49             $171.97
 Change =>                       0.02                0.91
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 142,334 head of cattle.
SUPPLY (Live)  67,044 Hd
Equivalent:                   $189.04             $173.33
DEMAND (Box)   75,290 Hd*
Equivalent:                   $181.94             $170.62
Live-Box Spread:               $7.10               $2.71
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $193.94
                  Weight   Price     Head      : Se 600-900#          $182.62
  Live Steer:          1403   $127.00    25,830: Current Lds:           147.5
  Live Heifer:         1266   $127.07    16,243: Previous Lds:          175.2
  Drsd Steer:           892   $201.94    13,874
  Drsd Heifer:          775   $201.73    11,097
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       13.17
 Ch 600-900# :                 71.93%:         Steer Dressing % :      64.07%
 Ch 600-750# :                 22.72%:         Heifer Dressing %:      64.11%
 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 = 185.49                       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   $175.91   $189.30   $201.98   $199.92   $180.83
 Certified 1-3         5.26   $164.68   $178.07   $190.75   $188.69   $169.60
 Choice 1              3.58   $163.00   $176.39   $189.07   $187.01   $167.92
 Select 1            -11.60   $147.82   $161.21   $173.89   $171.83   $152.74
 Stndrd 1-3          -25.20   $134.22   $147.61   $160.29   $158.23   $139.14
 Prime 4               3.88   $163.30   $176.69   $189.37   $187.31   $168.22
 Choice 4            -11.23   $148.19   $161.58   $174.26   $172.20   $153.11
-----------------------------------------------------------------------------
*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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