Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Tue, Jul 02, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $181.47             $169.85
 Change =>                       0.27                0.45
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 133,552 head of cattle.
SUPPLY (Live)  73,535 Hd
Equivalent:                   $177.83             $165.09
DEMAND (Box)   60,017 Hd*
Equivalent:                   $185.10             $174.62
Live-Box Spread:              ($7.27)             ($9.53)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $197.10
                  Weight   Price     Head      : Se 600-900#          $186.62
  Live Steer:          1363   $120.61    27,642: Current Lds:           168.0
  Live Heifer:         1211   $120.43    17,503: Previous Lds:          136.9
  Drsd Steer:           876   $193.89    17,476
  Drsd Heifer:          804   $193.69    10,914
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       14.51
 Ch 600-900# :                 72.46%:         Steer Dressing % :      63.89%
 Ch 600-750# :                 24.59%:         Heifer Dressing %:      63.88%
 Ch 750-900# :                 47.87%:         Processing Cost  :       12.00
 Se 600-900# :                 27.54%:         Slaughter Cost   :       50.50
 Se 600-750# :                  6.41%:
 Se 750-900# :                 21.13%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 181.47                       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            12.14   $166.28   $180.95   $193.61   $188.68   $170.80
 Certified 1-3         4.86   $159.00   $173.67   $186.33   $181.40   $163.52
 Choice 1              3.37   $157.51   $172.18   $184.84   $179.91   $162.03
 Select 1             -8.86   $145.28   $159.95   $172.61   $167.68   $149.80
 Stndrd 1-3          -25.34   $128.80   $143.47   $156.13   $151.20   $133.32
 Prime 4              -0.63   $153.51   $168.18   $180.84   $175.91   $158.03
 Choice 4            -11.47   $142.67   $157.34   $170.00   $165.07   $147.19
-----------------------------------------------------------------------------
*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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