Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Fri, Feb 08, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $177.47             $172.75
 Change =>                      -0.35               -0.44
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 126,120 head of cattle.
SUPPLY (Live)  51,861 Hd
Equivalent:                   $184.82             $177.88
DEMAND (Box)   74,259 Hd*
Equivalent:                   $170.12             $167.62
Live-Box Spread:              $14.70              $10.26
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $182.12
                  Weight   Price     Head      : Se 600-900#          $179.62
  Live Steer:          1451   $125.81    10,797: Current Lds:           216.6
  Live Heifer:         1314   $125.47     7,613: Previous Lds:          199.7
  Drsd Steer:           901   $201.31    18,857
  Drsd Heifer:          812   $201.58    14,594
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       13.59
 Ch 600-900# :                 75.30%:         Steer Dressing % :      64.62%
 Ch 600-750# :                 24.84%:         Heifer Dressing %:      64.64%
 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 = 177.47                       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   $167.03   $180.42   $193.10   $191.04   $171.95
 Certified 1-3         5.13   $156.53   $169.92   $182.60   $180.54   $161.45
 Choice 1              3.58   $154.98   $168.37   $181.05   $178.99   $159.90
 Select 1             -2.78   $148.62   $162.01   $174.69   $172.63   $153.54
 Stndrd 1-3          -20.70   $130.70   $144.09   $156.77   $154.71   $135.62
 Prime 4               3.02   $154.42   $167.81   $180.49   $178.43   $159.34
 Choice 4            -11.23   $140.17   $153.56   $166.24   $164.18   $145.09
-----------------------------------------------------------------------------
*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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