Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Thu, Apr 25, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $181.74             $174.52
 Change =>                       0.03               -0.13
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 125,564 head of cattle.
SUPPLY (Live)  57,621 Hd
Equivalent:                   $183.93             $176.54
DEMAND (Box)   67,943 Hd*
Equivalent:                   $179.54             $172.50
Live-Box Spread:               $4.39               $4.04
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $191.54
                  Weight   Price     Head      : Se 600-900#          $184.50
  Live Steer:          1319   $126.36    20,539: Current Lds:           180.1
  Live Heifer:         1220   $126.39    17,229: Previous Lds:          209.2
  Drsd Steer:           884   $200.53    12,444
  Drsd Heifer:          777   $199.37     7,409
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       14.34
 Ch 600-900# :                 75.25%:         Steer Dressing % :      64.07%
 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 = 181.74                       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   $167.95   $182.45   $194.95   $190.34   $172.45
 Certified 1-3         4.86   $159.60   $174.10   $186.60   $181.99   $164.10
 Choice 1              3.37   $158.11   $172.61   $185.11   $180.50   $162.61
 Select 1             -3.48   $151.26   $165.76   $178.26   $173.65   $155.76
 Stndrd 1-3          -21.63   $133.11   $147.61   $160.11   $155.50   $137.61
 Prime 4               0.44   $155.18   $169.68   $182.18   $177.57   $159.68
 Choice 4            -11.47   $143.27   $157.77   $170.27   $165.66   $147.77
-----------------------------------------------------------------------------
*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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