Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Thu, Sep 26, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $182.52             $165.94
 Change =>                      -0.11               -0.20
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 163,880 head of cattle.
SUPPLY (Live)  96,724 Hd
Equivalent:                   $183.71             $166.83
DEMAND (Box)   67,156 Hd*
Equivalent:                   $181.34             $165.05
Live-Box Spread:               $2.37               $1.78
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $193.34
                  Weight   Price     Head      : Se 600-900#          $177.05
  Live Steer:          1416   $124.07    32,095: Current Lds:           186.7
  Live Heifer:         1265   $124.26    21,522: Previous Lds:          234.9
  Drsd Steer:           908   $195.61    25,480
  Drsd Heifer:          799   $195.55    17,627
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       13.94
 Ch 600-900# :                 72.77%:         Steer Dressing % :      63.90%
 Ch 600-750# :                 23.94%:         Heifer Dressing %:      63.91%
 Ch 750-900# :                 48.83%:         Processing Cost  :       12.00
 Se 600-900# :                 27.23%:         Slaughter Cost   :       50.50
 Se 600-750# :                  6.59%:
 Se 750-900# :                 20.63%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 182.52                       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            13.46   $168.65   $183.32   $195.98   $191.37   $173.48
 Certified 1-3         5.19   $160.38   $175.05   $187.71   $183.10   $165.21
 Choice 1              3.37   $158.56   $173.23   $185.89   $181.28   $163.39
 Select 1            -13.01   $142.18   $156.85   $169.51   $164.90   $147.01
 Stndrd 1-3          -26.91   $128.28   $142.95   $155.61   $151.00   $133.11
 Prime 4               0.69   $155.88   $170.55   $183.21   $178.60   $160.71
 Choice 4            -11.47   $143.72   $158.39   $171.05   $166.44   $148.55
-----------------------------------------------------------------------------
*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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