Beef Carcass Price Equivalent

NW_LS410
Des Moines, IA     Thu, Feb 28, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $177.11             $174.66
 Change =>                       0.80                0.95
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Current Index Reflects the Equivalent of 120,228 head of cattle.
SUPPLY (Live)  57,630 Hd
Equivalent:                   $180.06             $175.56
DEMAND (Box)   62,598 Hd*
Equivalent:                   $174.16             $173.76
Live-Box Spread:               $5.90               $1.80
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $186.16
                  Weight   Price     Head      : Se 600-900#          $185.76
  Live Steer:          1384   $124.29    17,220: Current Lds:           148.5
  Live Heifer:         1267   $124.12    11,289: Previous Lds:          186.8
  Drsd Steer:           900   $197.18    16,595
  Drsd Heifer:          790   $197.44    12,526
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      Grading % Breakdown            :         Drop Credit      :       13.88
 Ch 600-900# :                 76.44%:         Steer Dressing % :      64.35%
 Ch 600-750# :                 26.38%:         Heifer Dressing %:      64.32%
 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%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 177.11                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -26.07    -12.68               -2.06    -21.15
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 Prime 1-3            15.34   $166.38   $179.77   $192.45   $190.39   $171.30
 Certified 1-3         4.88   $155.92   $169.31   $181.99   $179.93   $160.84
 Choice 1              3.58   $154.62   $168.01   $180.69   $178.63   $159.54
 Select 1             -0.33   $150.71   $164.10   $176.78   $174.72   $155.63
 Stndrd 1-3          -18.70   $132.34   $145.73   $158.41   $156.35   $137.26
 Prime 4               2.50   $153.54   $166.93   $179.61   $177.55   $158.46
 Choice 4            -11.46   $139.58   $152.97   $165.65   $163.59   $144.50
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*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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