Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Tue, Sep 10, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $181.20             $166.76
 Change =>                      -0.39               -0.65
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 147,647 head of cattle.
SUPPLY (Live)  73,822 Hd
Equivalent:                   $180.67             $166.78
DEMAND (Box)   73,825 Hd*
Equivalent:                   $181.73             $166.74
Live-Box Spread:              ($1.06)              $0.04
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $193.73
                  Weight   Price     Head      : Se 600-900#          $178.74
  Live Steer:          1404   $122.92    24,964: Current Lds:           187.7
  Live Heifer:         1251   $122.98    19,185: Previous Lds:          202.2
  Drsd Steer:           900   $194.21    19,143
  Drsd Heifer:          792   $194.03    10,530
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       14.04
 Ch 600-900# :                 72.39%:         Steer Dressing % :      64.12%
 Ch 600-750# :                 23.99%:         Heifer Dressing %:      64.11%
 Ch 750-900# :                 48.39%:         Processing Cost  :       12.00
 Se 600-900# :                 27.61%:         Slaughter Cost   :       50.50
 Se 600-750# :                  6.49%:
 Se 750-900# :                 21.13%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 181.20                       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            13.27   $167.14   $181.81   $194.47   $189.86   $171.97
 Certified 1-3         5.08   $158.95   $173.62   $186.28   $181.67   $163.78
 Choice 1              3.37   $157.24   $171.91   $184.57   $179.96   $162.07
 Select 1            -10.01   $143.86   $158.53   $171.19   $166.58   $148.69
 Stndrd 1-3          -25.27   $128.60   $143.27   $155.93   $151.32   $133.43
 Prime 4               0.50   $154.37   $169.04   $181.70   $177.09   $159.20
 Choice 4            -11.47   $142.40   $157.07   $169.73   $165.12   $147.23
-----------------------------------------------------------------------------
*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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