Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Fri, Sep 13, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $180.88             $165.93
 Change =>                      -0.31               -0.01
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 149,147 head of cattle.
SUPPLY (Live)  76,069 Hd
Equivalent:                   $181.06             $167.17
DEMAND (Box)   73,078 Hd*
Equivalent:                   $180.69             $164.68
Live-Box Spread:               $0.37               $2.49
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $192.69
                  Weight   Price     Head      : Se 600-900#          $176.68
  Live Steer:          1397   $123.00    28,434: Current Lds:           131.5
  Live Heifer:         1239   $123.00    23,496: Previous Lds:          207.6
  Drsd Steer:           903   $194.25    14,073
  Drsd Heifer:          792   $194.03    10,066
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       13.90
 Ch 600-900# :                 72.39%:         Steer Dressing % :      63.94%
 Ch 600-750# :                 23.99%:         Heifer Dressing %:      63.98%
 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 = 180.88                       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   $166.82   $181.49   $194.15   $189.54   $171.65
 Certified 1-3         5.08   $158.63   $173.30   $185.96   $181.35   $163.46
 Choice 1              3.37   $156.92   $171.59   $184.25   $179.64   $161.75
 Select 1            -10.01   $143.54   $158.21   $170.87   $166.26   $148.37
 Stndrd 1-3          -25.27   $128.28   $142.95   $155.61   $151.00   $133.11
 Prime 4               0.50   $154.05   $168.72   $181.38   $176.77   $158.88
 Choice 4            -11.47   $142.08   $156.75   $169.41   $164.80   $146.91
-----------------------------------------------------------------------------
*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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