Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Fri, Mar 15, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $183.76             $180.61
 Change =>                      -1.28               -1.60
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 67,217 head of cattle.
SUPPLY (Live)  21,414 Hd
Equivalent:                   $183.75             $179.28
DEMAND (Box)   45,803 Hd*
Equivalent:                   $183.76             $181.93
Live-Box Spread:              ($0.01)             ($2.65)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $195.76
                  Weight   Price     Head      : Se 600-900#          $193.93
  Live Steer:          1404   $126.62     7,407: Current Lds:            93.2
  Live Heifer:         1294   $126.74    10,197: Previous Lds:          120.5
  Drsd Steer:           906   $202.16     2,499
  Drsd Heifer:          821   $201.92     1,311
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       14.14
 Ch 600-900# :                 76.29%:         Steer Dressing % :      63.77%
 Ch 600-750# :                 25.77%:         Heifer Dressing %:      63.68%
 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 = 183.76                       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   $171.53   $186.03   $198.53   $196.73   $176.20
 Certified 1-3         4.86   $161.62   $176.12   $188.62   $186.82   $166.29
 Choice 1              3.37   $160.13   $174.63   $187.13   $185.33   $164.80
 Select 1             -0.55   $156.21   $170.71   $183.21   $181.41   $160.88
 Stndrd 1-3          -19.84   $136.92   $151.42   $163.92   $162.12   $141.59
 Prime 4               2.00   $158.76   $173.26   $185.76   $183.96   $163.43
 Choice 4            -11.47   $145.29   $159.79   $172.29   $170.49   $149.96
-----------------------------------------------------------------------------
*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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