Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Wed, May 08, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $191.30             $180.01
 Change =>                       1.62                0.06
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 134,729 head of cattle.
SUPPLY (Live)  81,288 Hd
Equivalent:                   $189.93             $181.40
DEMAND (Box)   53,441 Hd*
Equivalent:                   $192.67             $178.63
Live-Box Spread:              ($2.74)              $2.77
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $204.67
                  Weight   Price     Head      : Se 600-900#          $190.63
  Live Steer:          1329   $128.99    29,658: Current Lds:           198.9
  Live Heifer:         1199   $128.68    17,473: Previous Lds:          147.5
  Drsd Steer:           855   $206.16    21,561
  Drsd Heifer:          781   $205.85    12,596
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       14.20
 Ch 600-900# :                 73.93%:         Steer Dressing % :      63.79%
 Ch 600-750# :                 24.60%:         Heifer Dressing %:      63.81%
 Ch 750-900# :                 49.32%:         Processing Cost  :       12.00
 Se 600-900# :                 26.07%:         Slaughter Cost   :       50.50
 Se 600-750# :                  6.86%:
 Se 750-900# :                 19.21%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 191.30                       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   $177.30   $191.97   $204.63   $200.02   $182.13
 Certified 1-3         4.86   $168.83   $183.50   $196.16   $191.55   $173.66
 Choice 1              3.37   $167.34   $182.01   $194.67   $190.06   $172.17
 Select 1             -4.63   $159.34   $174.01   $186.67   $182.06   $164.17
 Stndrd 1-3          -22.41   $141.56   $156.23   $168.89   $164.28   $146.39
 Prime 4               0.56   $164.53   $179.20   $191.86   $187.25   $169.36
 Choice 4            -11.47   $152.50   $167.17   $179.83   $175.22   $157.33
-----------------------------------------------------------------------------
*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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