Beef Carcass Price Equivalent

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NW_LS410  ***CORRECTED REPORT***
Des Moines, IA     Thu, Feb 14, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

***This report will not be released on Monday, February 18th, 2013 as our 
offices will be closed in observance of the President’s Day Holiday. This 
report will be released on Tuesday, February 19th.***

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $176.52             $171.76
 Change =>                      -0.28               -0.07
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 150,194 head of cattle.
SUPPLY (Live)  83,878 Hd
Equivalent:                   $181.50             $175.92
DEMAND (Box)   66,316 Hd*
Equivalent:                   $171.53             $167.60
Live-Box Spread:               $9.97               $8.32
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $183.53
                  Weight   Price     Head      : Se 600-900#          $179.60
  Live Steer:          1414   $124.45    28,504: Current Lds:           146.0
  Live Heifer:         1298   $124.16    21,727: Previous Lds:          215.1
  Drsd Steer:           906   $199.86    21,317
  Drsd Heifer:          821   $199.68    12,330
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       13.67
 Ch 600-900# :                 75.40%:         Steer Dressing % :      64.19%
 Ch 600-750# :                 26.39%:         Heifer Dressing %:      64.14%
 Ch 750-900# :                 49.01%:         Processing Cost  :       12.00
 Se 600-900# :                 24.60%:         Slaughter Cost   :       50.50
 Se 600-750# :                  5.34%:
 Se 750-900# :                 19.25%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 176.52                       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   $166.08   $179.47   $192.15   $190.09   $171.00
 Certified 1-3         5.01   $155.46   $168.85   $181.53   $179.47   $160.38
 Choice 1              3.58   $154.03   $167.42   $180.10   $178.04   $158.95
 Select 1             -1.42   $149.03   $162.42   $175.10   $173.04   $153.95
 Stndrd 1-3          -19.45   $131.00   $144.39   $157.07   $155.01   $135.92
 Prime 4               3.02   $153.47   $166.86   $179.54   $177.48   $158.39
 Choice 4            -11.23   $139.22   $152.61   $165.29   $163.23   $144.14
-----------------------------------------------------------------------------
*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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