Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Tue, Jul 16, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $176.90             $168.98
 Change =>                       0.04                0.26
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 141,536 head of cattle.
SUPPLY (Live)  72,801 Hd
Equivalent:                   $175.15             $165.62
DEMAND (Box)   68,735 Hd*
Equivalent:                   $178.66             $172.35
Live-Box Spread:              ($3.51)             ($6.73)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $190.66
                  Weight   Price     Head      : Se 600-900#          $184.35
  Live Steer:          1364   $119.85    24,720: Current Lds:           142.4
  Live Heifer:         1234   $119.66    17,225: Previous Lds:          147.2
  Drsd Steer:           865   $192.76    19,283
  Drsd Heifer:          797   $191.98    11,573
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       14.68
 Ch 600-900# :                 73.03%:         Steer Dressing % :      64.07%
 Ch 600-750# :                 25.41%:         Heifer Dressing %:      64.05%
 Ch 750-900# :                 47.62%:         Processing Cost  :       12.00
 Se 600-900# :                 26.97%:         Slaughter Cost   :       50.50
 Se 600-750# :                  6.10%:
 Se 750-900# :                 20.87%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 176.90                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -27.33    -12.82               -4.61    -22.50
-----------------------------------------------------------------------------
 Prime 1-3            12.27   $161.84   $176.35   $189.17   $184.56   $166.67
 Certified 1-3         4.74   $154.31   $168.82   $181.64   $177.03   $159.14
 Choice 1              3.37   $152.94   $167.45   $180.27   $175.66   $157.77
 Select 1             -5.63   $143.94   $158.45   $171.27   $166.66   $148.77
 Stndrd 1-3          -23.49   $126.08   $140.59   $153.41   $148.80   $130.91
 Prime 4              -0.50   $149.07   $163.58   $176.40   $171.79   $153.90
 Choice 4            -11.47   $138.10   $152.61   $165.43   $160.82   $142.93
-----------------------------------------------------------------------------
*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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