Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Tue, Apr 23, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $181.66             $174.15
 Change =>                       0.37                0.11
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 128,790 head of cattle.
SUPPLY (Live)  58,219 Hd
Equivalent:                   $183.92             $176.53
DEMAND (Box)   70,571 Hd*
Equivalent:                   $179.41             $171.78
Live-Box Spread:               $4.51               $4.75
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $191.41
                  Weight   Price     Head      : Se 600-900#          $183.78
  Live Steer:          1320   $126.35    21,037: Current Lds:           178.9
  Live Heifer:         1219   $126.38    17,301: Previous Lds:          163.5
  Drsd Steer:           884   $200.54    12,437
  Drsd Heifer:          777   $199.35     7,444
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       14.34
 Ch 600-900# :                 75.25%:         Steer Dressing % :      64.06%
 Ch 600-750# :                 24.79%:         Heifer Dressing %:      64.01%
 Ch 750-900# :                 50.45%:         Processing Cost  :       12.00
 Se 600-900# :                 24.75%:         Slaughter Cost   :       50.50
 Se 600-750# :                  6.06%:
 Se 750-900# :                 18.69%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 181.66                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -27.00    -12.50               -4.61    -22.50
-----------------------------------------------------------------------------
 Prime 1-3            13.21   $167.87   $182.37   $194.87   $190.26   $172.37
 Certified 1-3         4.86   $159.52   $174.02   $186.52   $181.91   $164.02
 Choice 1              3.37   $158.03   $172.53   $185.03   $180.42   $162.53
 Select 1             -3.48   $151.18   $165.68   $178.18   $173.57   $155.68
 Stndrd 1-3          -21.63   $133.03   $147.53   $160.03   $155.42   $137.53
 Prime 4               0.44   $155.10   $169.60   $182.10   $177.49   $159.60
 Choice 4            -11.47   $143.19   $157.69   $170.19   $165.58   $147.69
-----------------------------------------------------------------------------
*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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