Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Wed, Mar 13, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $185.91             $182.93
 Change =>                       0.06                0.11
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 112,923 head of cattle.
SUPPLY (Live)  65,134 Hd
Equivalent:                   $186.33             $181.86
DEMAND (Box)   47,789 Hd*
Equivalent:                   $185.49             $184.00
Live-Box Spread:               $0.84              ($2.14)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $197.49
                  Weight   Price     Head      : Se 600-900#          $196.00
  Live Steer:          1360   $127.69    18,926: Current Lds:           159.2
  Live Heifer:         1222   $127.87    14,043: Previous Lds:          135.2
  Drsd Steer:           894   $203.15    18,354
  Drsd Heifer:          817   $202.95    13,811
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       13.87
 Ch 600-900# :                 76.29%:         Steer Dressing % :      63.95%
 Ch 600-750# :                 25.77%:         Heifer Dressing %:      63.95%
 Ch 750-900# :                 50.52%:         Processing Cost  :       12.00
 Se 600-900# :                 23.71%:         Slaughter Cost   :       50.50
 Se 600-750# :                  5.26%:
 Se 750-900# :                 18.45%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 185.91                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -27.00    -12.50               -1.80    -22.33
-----------------------------------------------------------------------------
 Prime 1-3            14.77   $173.68   $188.18   $200.68   $198.88   $178.35
 Certified 1-3         4.86   $163.77   $178.27   $190.77   $188.97   $168.44
 Choice 1              3.37   $162.28   $176.78   $189.28   $187.48   $166.95
 Select 1             -0.55   $158.36   $172.86   $185.36   $183.56   $163.03
 Stndrd 1-3          -19.84   $139.07   $153.57   $166.07   $164.27   $143.74
 Prime 4               2.00   $160.91   $175.41   $187.91   $186.11   $165.58
 Choice 4            -11.47   $147.44   $161.94   $174.44   $172.64   $152.11
-----------------------------------------------------------------------------
*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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