Beef Carcass Price Equivalent

NW_LS410
Des Moines, IA     Fri, Jan 11, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $186.56             $174.00
 Change =>                      -0.04               -0.50
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Current Index Reflects the Equivalent of 181,847 head of cattle.
SUPPLY (Live)  105,453 Hd
Equivalent:                   $190.88             $176.52
DEMAND (Box)   76,394 Hd*
Equivalent:                   $182.24             $171.49
Live-Box Spread:               $8.64               $5.03
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $194.24
                  Weight   Price     Head      : Se 600-900#          $183.49
  Live Steer:          1387   $127.60    22,176: Current Lds:           157.5
  Live Heifer:         1265   $127.43    18,289: Previous Lds:          169.5
  Drsd Steer:           897   $204.62    37,180
  Drsd Heifer:          811   $204.37    27,808
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      Grading % Breakdown            :         Drop Credit      :       13.53
 Ch 600-900# :                 72.32%:         Steer Dressing % :      63.92%
 Ch 600-750# :                 23.81%:         Heifer Dressing %:      63.90%
 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%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 186.56                       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            16.42   $176.91   $190.30   $202.98   $200.92   $181.83
 Certified 1-3         5.13   $165.62   $179.01   $191.69   $189.63   $170.54
 Choice 1              3.58   $164.07   $177.46   $190.14   $188.08   $168.99
 Select 1            -10.24   $150.25   $163.64   $176.32   $174.26   $155.17
 Stndrd 1-3          -24.45   $136.04   $149.43   $162.11   $160.05   $140.96
 Prime 4               3.81   $164.30   $177.69   $190.37   $188.31   $169.22
 Choice 4            -11.23   $149.26   $162.65   $175.33   $173.27   $154.18
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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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