Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Wed, May 22, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $192.87             $175.62
 Change =>                       0.25               -0.41
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 131,622 head of cattle.
SUPPLY (Live)  78,622 Hd
Equivalent:                   $186.55             $171.05
DEMAND (Box)   53,000 Hd*
Equivalent:                   $199.20             $180.19
Live-Box Spread:             ($12.65)             ($9.14)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $211.20
                  Weight   Price     Head      : Se 600-900#          $192.19
  Live Steer:          1328   $125.43    27,699: Current Lds:           191.6
  Live Heifer:         1196   $125.50    19,084: Previous Lds:          145.5
  Drsd Steer:           862   $200.73    20,902
  Drsd Heifer:          785   $199.81    10,937
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       14.00
 Ch 600-900# :                 73.10%:         Steer Dressing % :      63.97%
 Ch 600-750# :                 24.59%:         Heifer Dressing %:      63.91%
 Ch 750-900# :                 48.52%:         Processing Cost  :       12.00
 Se 600-900# :                 26.90%:         Slaughter Cost   :       50.50
 Se 600-750# :                  7.08%:
 Se 750-900# :                 19.81%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 192.87                       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            12.33   $177.87   $192.54   $205.20   $200.59   $182.70
 Certified 1-3         5.08   $170.62   $185.29   $197.95   $193.34   $175.45
 Choice 1              3.37   $168.91   $183.58   $196.24   $191.63   $173.74
 Select 1            -11.63   $153.91   $168.58   $181.24   $176.63   $158.74
 Stndrd 1-3          -27.06   $138.48   $153.15   $165.81   $161.20   $143.31
 Prime 4              -0.44   $165.10   $179.77   $192.43   $187.82   $169.93
 Choice 4            -11.47   $154.07   $168.74   $181.40   $176.79   $158.90
-----------------------------------------------------------------------------
*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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