Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Wed, Jan 30, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $177.89             $171.10
 Change =>                      -0.07               -0.04
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 156,502 head of cattle.
SUPPLY (Live)  84,451 Hd
Equivalent:                   $181.03             $173.19
DEMAND (Box)   72,051 Hd*
Equivalent:                   $174.76             $169.02
Live-Box Spread:               $6.27               $4.17
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $186.76
                  Weight   Price     Head      : Se 600-900#          $181.02
  Live Steer:          1411   $122.88    24,370: Current Lds:           246.5
  Live Heifer:         1272   $122.67    17,408: Previous Lds:          170.0
  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 % :      63.92%
 Ch 600-750# :                 25.69%:         Heifer Dressing %:      63.86%
 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 = 177.89                       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   $167.45   $180.84   $193.52   $191.46   $172.37
 Certified 1-3         5.13   $156.95   $170.34   $183.02   $180.96   $161.87
 Choice 1              3.58   $155.40   $168.79   $181.47   $179.41   $160.32
 Select 1             -3.69   $148.13   $161.52   $174.20   $172.14   $153.05
 Stndrd 1-3          -21.20   $130.62   $144.01   $156.69   $154.63   $135.54
 Prime 4               3.02   $154.84   $168.23   $180.91   $178.85   $159.76
 Choice 4            -11.23   $140.59   $153.98   $166.66   $164.60   $145.51
-----------------------------------------------------------------------------
*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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