Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Thu, May 23, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $192.72             $175.05
 Change =>                      -0.15               -0.57
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 148,186 head of cattle.
SUPPLY (Live)  93,023 Hd
Equivalent:                   $186.08             $170.58
DEMAND (Box)   55,163 Hd*
Equivalent:                   $199.37             $179.52
Live-Box Spread:             ($13.29)             ($8.94)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $211.37
                  Weight   Price     Head      : Se 600-900#          $191.52
  Live Steer:          1321   $125.20    34,222: Current Lds:           144.5
  Live Heifer:         1191   $125.10    24,896: Previous Lds:          191.6
  Drsd Steer:           864   $200.76    20,826
  Drsd Heifer:          787   $199.41    13,079
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       14.00
 Ch 600-900# :                 73.10%:         Steer Dressing % :      63.95%
 Ch 600-750# :                 24.59%:         Heifer Dressing %:      63.90%
 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 = 192.72                       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   $177.72   $192.39   $205.05   $200.44   $182.55
 Certified 1-3         5.08   $170.47   $185.14   $197.80   $193.19   $175.30
 Choice 1              3.37   $168.76   $183.43   $196.09   $191.48   $173.59
 Select 1            -11.63   $153.76   $168.43   $181.09   $176.48   $158.59
 Stndrd 1-3          -27.06   $138.33   $153.00   $165.66   $161.05   $143.16
 Prime 4              -0.44   $164.95   $179.62   $192.28   $187.67   $169.78
 Choice 4            -11.47   $153.92   $168.59   $181.25   $176.64   $158.75
-----------------------------------------------------------------------------
*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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