Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Thu, Jul 11, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $178.82             $169.21
 Change =>                      -0.10               -0.60
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 131,040 head of cattle.
SUPPLY (Live)  61,978 Hd
Equivalent:                   $176.93             $165.72
DEMAND (Box)   69,062 Hd*
Equivalent:                   $180.72             $172.71
Live-Box Spread:              ($3.79)             ($6.99)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $192.72
                  Weight   Price     Head      : Se 600-900#          $184.71
  Live Steer:          1364   $120.33    18,101: Current Lds:           194.1
  Live Heifer:         1228   $120.03    13,018: Previous Lds:          253.7
  Drsd Steer:           890   $193.60    16,818
  Drsd Heifer:          777   $191.68    14,041
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       14.53
 Ch 600-900# :                 72.62%:         Steer Dressing % :      63.92%
 Ch 600-750# :                 24.15%:         Heifer Dressing %:      63.96%
 Ch 750-900# :                 48.47%:         Processing Cost  :       12.00
 Se 600-900# :                 27.38%:         Slaughter Cost   :       50.50
 Se 600-750# :                  7.06%:
 Se 750-900# :                 20.32%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 178.82                       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            12.27   $163.76   $178.43   $191.09   $186.48   $168.59
 Certified 1-3         4.74   $156.23   $170.90   $183.56   $178.95   $161.06
 Choice 1              3.37   $154.86   $169.53   $182.19   $177.58   $159.69
 Select 1             -7.32   $144.17   $158.84   $171.50   $166.89   $149.00
 Stndrd 1-3          -24.41   $127.08   $141.75   $154.41   $149.80   $131.91
 Prime 4              -0.50   $150.99   $165.66   $178.32   $173.71   $155.82
 Choice 4            -11.47   $140.02   $154.69   $167.35   $162.74   $144.85
-----------------------------------------------------------------------------
*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.LPGMN@ams.usda.gov
        24 Hour recorded market information 515-284-4830
        www.ams.usda.gov/mnreports/NW_LS410.txt
        www.ams.usda.gov/LPSMarketNewsPage



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