Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Tue, Feb 26, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $175.84             $172.62
 Change =>                       0.80                1.30
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 140,369 head of cattle.
SUPPLY (Live)  74,970 Hd
Equivalent:                   $179.18             $174.68
DEMAND (Box)   65,399 Hd*
Equivalent:                   $172.51             $170.57
Live-Box Spread:               $6.67               $4.11
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $184.51
                  Weight   Price     Head      : Se 600-900#          $182.57
  Live Steer:          1381   $123.83    24,664: Current Lds:           166.5
  Live Heifer:         1277   $123.59    20,042: Previous Lds:          162.8
  Drsd Steer:           899   $197.12    17,448
  Drsd Heifer:          792   $197.40    12,816
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       13.98
 Ch 600-900# :                 76.44%:         Steer Dressing % :      64.25%
 Ch 600-750# :                 26.38%:         Heifer Dressing %:      64.18%
 Ch 750-900# :                 50.06%:         Processing Cost  :       12.00
 Se 600-900# :                 23.56%:         Slaughter Cost   :       50.50
 Se 600-750# :                  4.76%:
 Se 750-900# :                 18.80%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 175.84                       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            15.34   $165.11   $178.50   $191.18   $189.12   $170.03
 Certified 1-3         4.88   $154.65   $168.04   $180.72   $178.66   $159.57
 Choice 1              3.58   $153.35   $166.74   $179.42   $177.36   $158.27
 Select 1             -0.33   $149.44   $162.83   $175.51   $173.45   $154.36
 Stndrd 1-3          -18.70   $131.07   $144.46   $157.14   $155.08   $135.99
 Prime 4               2.50   $152.27   $165.66   $178.34   $176.28   $157.19
 Choice 4            -11.46   $138.31   $151.70   $164.38   $162.32   $143.23
-----------------------------------------------------------------------------
*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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