Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Tue, Jan 22, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $180.47             $171.71
 Change =>                      -0.72                0.28
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 144,266 head of cattle.
SUPPLY (Live)  56,671 Hd
Equivalent:                   $182.34             $171.52
DEMAND (Box)   87,595 Hd*
Equivalent:                   $178.59             $171.90
Live-Box Spread:               $3.75              ($0.38)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $190.59
                  Weight   Price     Head      : Se 600-900#          $183.90
  Live Steer:          1390   $123.93    20,137: Current Lds:           394.4
  Live Heifer:         1287   $123.82    11,239: Previous Lds:          193.8
  Drsd Steer:           900   $197.28    14,449
  Drsd Heifer:          806   $196.71    10,846
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       13.60
 Ch 600-900# :                 74.08%:         Steer Dressing % :      63.79%
 Ch 600-750# :                 24.73%:         Heifer Dressing %:      63.84%
 Ch 750-900# :                 49.35%:         Processing Cost  :       12.00
 Se 600-900# :                 25.92%:         Slaughter Cost   :       50.50
 Se 600-750# :                  5.84%:
 Se 750-900# :                 20.08%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 180.47                       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            15.63   $170.03   $183.42   $196.10   $194.04   $174.95
 Certified 1-3         5.13   $159.53   $172.92   $185.60   $183.54   $164.45
 Choice 1              3.58   $157.98   $171.37   $184.05   $181.99   $162.90
 Select 1             -6.69   $147.71   $161.10   $173.78   $171.72   $152.63
 Stndrd 1-3          -22.70   $131.70   $145.09   $157.77   $155.71   $136.62
 Prime 4               3.02   $157.42   $170.81   $183.49   $181.43   $162.34
 Choice 4            -11.23   $143.17   $156.56   $169.24   $167.18   $148.09
-----------------------------------------------------------------------------
*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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