Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Wed, Mar 20, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $181.97             $179.70
 Change =>                      -0.85               -0.77
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 131,349 head of cattle.
SUPPLY (Live)  77,332 Hd
Equivalent:                   $182.54             $178.36
DEMAND (Box)   54,017 Hd*
Equivalent:                   $181.41             $181.03
Live-Box Spread:               $1.13              ($2.67)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $193.41
                  Weight   Price     Head      : Se 600-900#          $193.03
  Live Steer:          1372   $126.02    25,826: Current Lds:           194.7
  Live Heifer:         1284   $125.94    27,762: Previous Lds:          179.9
  Drsd Steer:           877   $199.99    13,207
  Drsd Heifer:          798   $200.12    10,537
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       14.26
 Ch 600-900# :                 76.21%:         Steer Dressing % :      63.80%
 Ch 600-750# :                 26.46%:         Heifer Dressing %:      63.73%
 Ch 750-900# :                 49.75%:         Processing Cost  :       12.00
 Se 600-900# :                 23.79%:         Slaughter Cost   :       50.50
 Se 600-750# :                  5.28%:
 Se 750-900# :                 18.51%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 181.97                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -27.00    -12.50               -1.96    -21.25
-----------------------------------------------------------------------------
 Prime 1-3            14.58   $169.55   $184.05   $196.55   $194.59   $175.30
 Certified 1-3         4.86   $159.83   $174.33   $186.83   $184.87   $165.58
 Choice 1              3.37   $158.34   $172.84   $185.34   $183.38   $164.09
 Select 1             -0.25   $154.72   $169.22   $181.72   $179.76   $160.47
 Stndrd 1-3          -19.63   $135.34   $149.84   $162.34   $160.38   $141.09
 Prime 4               1.81   $156.78   $171.28   $183.78   $181.82   $162.53
 Choice 4            -11.47   $143.50   $158.00   $170.50   $168.54   $149.25
-----------------------------------------------------------------------------
*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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