Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Fri, Feb 01, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $176.54             $170.65
 Change =>                      -1.18               -0.62
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 112,330 head of cattle.
SUPPLY (Live)  32,013 Hd
Equivalent:                   $182.52             $174.68
DEMAND (Box)   80,317 Hd*
Equivalent:                   $170.56             $166.62
Live-Box Spread:              $11.96               $8.06
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $182.56
                  Weight   Price     Head      : Se 600-900#          $178.62
  Live Steer:          1354   $124.95    15,433: Current Lds:           237.9
  Live Heifer:         1255   $125.06    11,920: Previous Lds:          227.1
  Drsd Steer:           867   $198.95     2,390
  Drsd Heifer:          763   $197.64     2,270
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       13.60
 Ch 600-900# :                 73.98%:         Steer Dressing % :      63.80%
 Ch 600-750# :                 25.69%:         Heifer Dressing %:      63.92%
 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 = 176.54                       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   $166.10   $179.49   $192.17   $190.11   $171.02
 Certified 1-3         5.13   $155.60   $168.99   $181.67   $179.61   $160.52
 Choice 1              3.58   $154.05   $167.44   $180.12   $178.06   $158.97
 Select 1             -3.69   $146.78   $160.17   $172.85   $170.79   $151.70
 Stndrd 1-3          -21.20   $129.27   $142.66   $155.34   $153.28   $134.19
 Prime 4               3.02   $153.49   $166.88   $179.56   $177.50   $158.41
 Choice 4            -11.23   $139.24   $152.63   $165.31   $163.25   $144.16
-----------------------------------------------------------------------------
*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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