Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Wed, Jan 09, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $186.45             $174.26
 Change =>                      -0.33          unchgd
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 158,118 head of cattle.
SUPPLY (Live)  75,681 Hd
Equivalent:                   $191.35             $176.99
DEMAND (Box)   82,437 Hd*
Equivalent:                   $181.55             $171.53
Live-Box Spread:               $9.80               $5.46
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $193.55
                  Weight   Price     Head      : Se 600-900#          $183.53
  Live Steer:          1395   $128.05    16,787: Current Lds:           266.3
  Live Heifer:         1245   $128.19    11,761: Previous Lds:          218.0
  Drsd Steer:           893   $204.99    27,584
  Drsd Heifer:          814   $204.94    19,549
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       13.62
 Ch 600-900# :                 72.32%:         Steer Dressing % :      63.95%
 Ch 600-750# :                 23.81%:         Heifer Dressing %:      63.96%
 Ch 750-900# :                 48.51%:         Processing Cost  :       12.00
 Se 600-900# :                 27.68%:         Slaughter Cost   :       50.50
 Se 600-750# :                  6.70%:
 Se 750-900# :                 20.98%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 186.45                       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            16.42   $176.80   $190.19   $202.87   $200.81   $181.72
 Certified 1-3         5.13   $165.51   $178.90   $191.58   $189.52   $170.43
 Choice 1              3.58   $163.96   $177.35   $190.03   $187.97   $168.88
 Select 1            -10.24   $150.14   $163.53   $176.21   $174.15   $155.06
 Stndrd 1-3          -24.45   $135.93   $149.32   $162.00   $159.94   $140.85
 Prime 4               3.81   $164.19   $177.58   $190.26   $188.20   $169.11
 Choice 4            -11.23   $149.15   $162.54   $175.22   $173.16   $154.07
-----------------------------------------------------------------------------
*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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