Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Mon, Aug 05, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $175.30             $169.30
 Change =>                      -0.52               -0.05
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 119,982 head of cattle.
SUPPLY (Live)  57,915 Hd
Equivalent:                   $176.14             $170.05
DEMAND (Box)   62,067 Hd*
Equivalent:                   $174.46             $168.54
Live-Box Spread:               $1.68               $1.51
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $186.46
                  Weight   Price     Head      : Se 600-900#          $180.54
  Live Steer:          1366   $120.68    21,920: Current Lds:           123.5
  Live Heifer:         1244   $120.17    10,032: Previous Lds:          173.6
  Drsd Steer:           891   $194.33    15,976
  Drsd Heifer:          784   $192.99     9,987
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       14.26
 Ch 600-900# :                 71.78%:         Steer Dressing % :      64.05%
 Ch 600-750# :                 23.75%:         Heifer Dressing %:      64.10%
 Ch 750-900# :                 48.03%:         Processing Cost  :       12.00
 Se 600-900# :                 28.22%:         Slaughter Cost   :       50.50
 Se 600-750# :                  7.04%:
 Se 750-900# :                 21.18%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 175.30                       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            12.71   $160.68   $175.35   $188.01   $183.40   $165.51
 Certified 1-3         4.86   $152.83   $167.50   $180.16   $175.55   $157.66
 Choice 1              3.37   $151.34   $166.01   $178.67   $174.06   $156.17
 Select 1             -2.17   $145.80   $160.47   $173.13   $168.52   $150.63
 Stndrd 1-3          -21.77   $126.20   $140.87   $153.53   $148.92   $131.03
 Prime 4              -0.06   $147.91   $162.58   $175.24   $170.63   $152.74
 Choice 4            -11.47   $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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