Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Tue, Jan 29, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $177.96             $171.14
 Change =>                      -0.33               -0.64
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 159,566 head of cattle.
SUPPLY (Live)  84,257 Hd
Equivalent:                   $181.02             $173.18
DEMAND (Box)   75,309 Hd*
Equivalent:                   $174.89             $169.10
Live-Box Spread:               $6.13               $4.08
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $186.89
                  Weight   Price     Head      : Se 600-900#          $181.10
  Live Steer:          1412   $122.88    24,285: Current Lds:           170.0
  Live Heifer:         1272   $122.63    17,299: Previous Lds:          189.5
  Drsd Steer:           900   $197.99    25,522
  Drsd Heifer:          817   $197.48    17,151
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       13.71
 Ch 600-900# :                 73.98%:         Steer Dressing % :      63.93%
 Ch 600-750# :                 25.69%:         Heifer Dressing %:      63.87%
 Ch 750-900# :                 48.29%:         Processing Cost  :       12.00
 Se 600-900# :                 26.02%:         Slaughter Cost   :       50.50
 Se 600-750# :                  5.91%:
 Se 750-900# :                 20.11%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 177.96                       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   $167.52   $180.91   $193.59   $191.53   $172.44
 Certified 1-3         5.13   $157.02   $170.41   $183.09   $181.03   $161.94
 Choice 1              3.58   $155.47   $168.86   $181.54   $179.48   $160.39
 Select 1             -3.69   $148.20   $161.59   $174.27   $172.21   $153.12
 Stndrd 1-3          -21.20   $130.69   $144.08   $156.76   $154.70   $135.61
 Prime 4               3.02   $154.91   $168.30   $180.98   $178.92   $159.83
 Choice 4            -11.23   $140.66   $154.05   $166.73   $164.67   $145.58
-----------------------------------------------------------------------------
*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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