Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Fri, Mar 22, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $180.57             $178.91
 Change =>                      -0.92               -0.62
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 139,018 head of cattle.
SUPPLY (Live)  78,038 Hd
Equivalent:                   $181.71             $177.54
DEMAND (Box)   60,980 Hd*
Equivalent:                   $179.43             $180.28
Live-Box Spread:               $2.28              ($2.74)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $191.43
                  Weight   Price     Head      : Se 600-900#          $192.28
  Live Steer:          1371   $125.39    26,323: Current Lds:           139.6
  Live Heifer:         1287   $125.45    23,464: Previous Lds:          166.9
  Drsd Steer:           874   $199.42    14,634
  Drsd Heifer:          803   $199.40    13,617
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       14.30
 Ch 600-900# :                 76.21%:         Steer Dressing % :      63.84%
 Ch 600-750# :                 26.46%:         Heifer Dressing %:      63.80%
 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 = 180.57                       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   $168.15   $182.65   $195.15   $193.19   $173.90
 Certified 1-3         4.86   $158.43   $172.93   $185.43   $183.47   $164.18
 Choice 1              3.37   $156.94   $171.44   $183.94   $181.98   $162.69
 Select 1             -0.25   $153.32   $167.82   $180.32   $178.36   $159.07
 Stndrd 1-3          -19.63   $133.94   $148.44   $160.94   $158.98   $139.69
 Prime 4               1.81   $155.38   $169.88   $182.38   $180.42   $161.13
 Choice 4            -11.47   $142.10   $156.60   $169.10   $167.14   $147.85
-----------------------------------------------------------------------------
*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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