Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Fri, Jun 28, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $182.27             $169.12
 Change =>                      -0.08               -0.37
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 90,333 head of cattle.
SUPPLY (Live)  29,917 Hd
Equivalent:                   $179.04             $163.08
DEMAND (Box)   60,416 Hd*
Equivalent:                   $185.50             $175.15
Live-Box Spread:              ($6.46)            ($12.07)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $197.50
                  Weight   Price     Head      : Se 600-900#          $187.15
  Live Steer:          1361   $120.91     9,989: Current Lds:           111.3
  Live Heifer:         1228   $120.59     6,474: Previous Lds:          169.5
  Drsd Steer:           872   $194.00    10,109
  Drsd Heifer:          805   $193.85     3,345
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       14.54
 Ch 600-900# :                 72.14%:         Steer Dressing % :      64.08%
 Ch 600-750# :                 22.77%:         Heifer Dressing %:      63.95%
 Ch 750-900# :                 49.36%:         Processing Cost  :       12.00
 Se 600-900# :                 27.86%:         Slaughter Cost   :       50.50
 Se 600-750# :                  6.53%:
 Se 750-900# :                 21.33%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 182.27                       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            12.08   $167.02   $181.69   $194.35   $189.42   $171.54
 Certified 1-3         5.08   $160.02   $174.69   $187.35   $182.42   $164.54
 Choice 1              3.37   $158.31   $172.98   $185.64   $180.71   $162.83
 Select 1            -12.09   $142.85   $157.52   $170.18   $165.25   $147.37
 Stndrd 1-3          -26.91   $128.03   $142.70   $155.36   $150.43   $132.55
 Prime 4              -0.69   $154.25   $168.92   $181.58   $176.65   $158.77
 Choice 4            -11.47   $143.47   $158.14   $170.80   $165.87   $147.99
-----------------------------------------------------------------------------
*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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