Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Fri, Jun 07, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $187.59             $169.09
 Change =>                      -1.02               -0.73
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 145,968 head of cattle.
SUPPLY (Live)  75,432 Hd
Equivalent:                   $185.60             $166.81
DEMAND (Box)   70,536 Hd*
Equivalent:                   $189.57             $171.37
Live-Box Spread:              ($3.97)             ($4.56)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $201.57
                  Weight   Price     Head      : Se 600-900#          $183.37
  Live Steer:          1326   $124.67    26,874: Current Lds:           127.9
  Live Heifer:         1195   $124.62    19,174: Previous Lds:          187.4
  Drsd Steer:           853   $199.43    19,258
  Drsd Heifer:          785   $198.96    10,126
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       14.40
 Ch 600-900# :                 72.71%:         Steer Dressing % :      64.04%
 Ch 600-750# :                 23.38%:         Heifer Dressing %:      64.01%
 Ch 750-900# :                 49.34%:         Processing Cost  :       12.00
 Se 600-900# :                 27.29%:         Slaughter Cost   :       50.50
 Se 600-750# :                  7.66%:
 Se 750-900# :                 19.63%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 187.59                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -27.33    -12.66               -4.93    -22.81
-----------------------------------------------------------------------------
 Prime 1-3            12.21   $172.47   $187.14   $199.80   $194.87   $176.99
 Certified 1-3         5.08   $165.34   $180.01   $192.67   $187.74   $169.86
 Choice 1              3.37   $163.63   $178.30   $190.96   $186.03   $168.15
 Select 1            -14.94   $145.32   $159.99   $172.65   $167.72   $149.84
 Stndrd 1-3          -28.77   $131.49   $146.16   $158.82   $153.89   $136.01
 Prime 4              -0.22   $160.04   $174.71   $187.37   $182.44   $164.56
 Choice 4            -11.13   $149.13   $163.80   $176.46   $171.53   $153.65
-----------------------------------------------------------------------------
*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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