Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Tue, Apr 30, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $186.03             $177.60
 Change =>                       0.84                0.96
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 134,576 head of cattle.
SUPPLY (Live)  72,512 Hd
Equivalent:                   $187.69             $179.16
DEMAND (Box)   62,064 Hd*
Equivalent:                   $184.36             $176.04
Live-Box Spread:               $3.33               $3.12
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $196.36
                  Weight   Price     Head      : Se 600-900#          $188.04
  Live Steer:          1337   $128.06    24,121: Current Lds:           159.5
  Live Heifer:         1231   $128.07    12,891: Previous Lds:          133.8
  Drsd Steer:           870   $203.37    21,047
  Drsd Heifer:          788   $203.13    14,453
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       14.26
 Ch 600-900# :                 75.07%:         Steer Dressing % :      63.91%
 Ch 600-750# :                 24.98%:         Heifer Dressing %:      63.99%
 Ch 750-900# :                 50.09%:         Processing Cost  :       12.00
 Se 600-900# :                 24.93%:         Slaughter Cost   :       50.50
 Se 600-750# :                  6.35%:
 Se 750-900# :                 18.58%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 186.03                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -27.33    -12.66               -4.61    -22.50
-----------------------------------------------------------------------------
 Prime 1-3            13.33   $172.03   $186.70   $199.36   $194.75   $176.86
 Certified 1-3         4.86   $163.56   $178.23   $190.89   $186.28   $168.39
 Choice 1              3.37   $162.07   $176.74   $189.40   $184.79   $166.90
 Select 1             -4.63   $154.07   $168.74   $181.40   $176.79   $158.90
 Stndrd 1-3          -22.41   $136.29   $150.96   $163.62   $159.01   $141.12
 Prime 4               0.56   $159.26   $173.93   $186.59   $181.98   $164.09
 Choice 4            -11.47   $147.23   $161.90   $174.56   $169.95   $152.06
-----------------------------------------------------------------------------
*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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