Beef Carcass Price Equivalent

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NW_LS410  ***CORRECTED REPORT***
Des Moines, IA     Tue, Feb 05, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $177.85             $172.09
 Change =>                       0.77                0.34
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 159,124 head of cattle.
SUPPLY (Live)  76,658 Hd
Equivalent:                   $183.40             $176.46
DEMAND (Box)   82,466 Hd*
Equivalent:                   $172.31             $167.72
Live-Box Spread:              $11.09               $8.74
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $184.31
                  Weight   Price     Head      : Se 600-900#          $179.72
  Live Steer:          1390   $125.21    23,552: Current Lds:           182.5
  Live Heifer:         1278   $125.19    17,917: Previous Lds:          205.6
  Drsd Steer:           900   $201.22    19,036
  Drsd Heifer:          805   $201.17    16,153
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       13.64
 Ch 600-900# :                 75.30%:         Steer Dressing % :      64.35%
 Ch 600-750# :                 24.84%:         Heifer Dressing %:      64.39%
 Ch 750-900# :                 50.46%:         Processing Cost  :       12.00
 Se 600-900# :                 24.70%:         Slaughter Cost   :       50.50
 Se 600-750# :                  5.66%:
 Se 750-900# :                 19.04%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 177.85                       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   $167.41   $180.80   $193.48   $191.42   $172.33
 Certified 1-3         5.13   $156.91   $170.30   $182.98   $180.92   $161.83
 Choice 1              3.58   $155.36   $168.75   $181.43   $179.37   $160.28
 Select 1             -2.78   $149.00   $162.39   $175.07   $173.01   $153.92
 Stndrd 1-3          -20.70   $131.08   $144.47   $157.15   $155.09   $136.00
 Prime 4               3.02   $154.80   $168.19   $180.87   $178.81   $159.72
 Choice 4            -11.23   $140.55   $153.94   $166.62   $164.56   $145.47
-----------------------------------------------------------------------------
*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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