Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Wed, Jul 31, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $174.96             $169.30
 Change =>                      -0.16                0.06
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 127,505 head of cattle.
SUPPLY (Live)  68,362 Hd
Equivalent:                   $175.59             $168.95
DEMAND (Box)   59,143 Hd*
Equivalent:                   $174.32             $169.65
Live-Box Spread:               $1.27              ($0.70)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $186.32
                  Weight   Price     Head      : Se 600-900#          $181.65
  Live Steer:          1376   $120.39    22,820: Current Lds:           213.0
  Live Heifer:         1251   $120.29    15,590: Previous Lds:          142.1
  Drsd Steer:           877   $194.17    18,781
  Drsd Heifer:          785   $193.28    11,171
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       14.46
 Ch 600-900# :                 73.01%:         Steer Dressing % :      64.07%
 Ch 600-750# :                 21.76%:         Heifer Dressing %:      64.04%
 Ch 750-900# :                 51.25%:         Processing Cost  :       12.00
 Se 600-900# :                 26.99%:         Slaughter Cost   :       50.50
 Se 600-750# :                  6.72%:
 Se 750-900# :                 20.27%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 174.96                       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            12.49   $160.12   $174.79   $187.45   $182.84   $164.95
 Certified 1-3         4.89   $152.52   $167.19   $179.85   $175.24   $157.35
 Choice 1              3.50   $151.13   $165.80   $178.46   $173.85   $155.96
 Select 1             -2.58   $145.05   $159.72   $172.38   $167.77   $149.88
 Stndrd 1-3          -22.10   $125.53   $140.20   $152.86   $148.25   $130.36
 Prime 4               0.03   $147.66   $162.33   $174.99   $170.38   $152.49
 Choice 4            -11.13   $136.50   $151.17   $163.83   $159.22   $141.33
-----------------------------------------------------------------------------
*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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