Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Wed, Oct 30, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $195.01             $178.93
 Change =>                       0.64                0.91
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 146,332 head of cattle.
SUPPLY (Live)  95,957 Hd
Equivalent:                   $196.35             $179.78
DEMAND (Box)   50,375 Hd*
Equivalent:                   $193.68             $178.09
Live-Box Spread:               $2.67               $1.69
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $205.68
                  Weight   Price     Head      : Se 600-900#          $190.09
  Live Steer:          1402   $132.11    31,570: Current Lds:           159.5
  Live Heifer:         1272   $132.19    28,865: Previous Lds:          117.4
  Drsd Steer:           912   $207.76    20,977
  Drsd Heifer:          819   $207.87    14,545
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       14.11
 Ch 600-900# :                 72.86%:         Steer Dressing % :      63.41%
 Ch 600-750# :                 26.18%:         Heifer Dressing %:      63.42%
 Ch 750-900# :                 46.68%:         Processing Cost  :       12.00
 Se 600-900# :                 27.14%:         Slaughter Cost   :       50.50
 Se 600-750# :                  6.48%:
 Se 750-900# :                 20.66%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 195.01                       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            14.02   $181.70   $196.37   $209.03   $204.42   $186.53
 Certified 1-3         5.30   $172.98   $187.65   $200.31   $195.70   $177.81
 Choice 1              3.37   $171.05   $185.72   $198.38   $193.77   $175.88
 Select 1            -12.71   $154.97   $169.64   $182.30   $177.69   $159.80
 Stndrd 1-3          -26.77   $140.91   $155.58   $168.24   $163.63   $145.74
 Prime 4               1.25   $168.93   $183.60   $196.26   $191.65   $173.76
 Choice 4            -11.47   $156.21   $170.88   $183.54   $178.93   $161.04
-----------------------------------------------------------------------------
*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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