Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Mon, Nov 04, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $194.99             $178.49
 Change =>                       0.22               -0.26
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 105,626 head of cattle.
SUPPLY (Live)  59,944 Hd
Equivalent:                   $196.42             $179.54
DEMAND (Box)   45,682 Hd*
Equivalent:                   $193.56             $177.43
Live-Box Spread:               $2.86               $2.11
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $205.56
                  Weight   Price     Head      : Se 600-900#          $189.43
  Live Steer:          1404   $131.89    21,361: Current Lds:           122.1
  Live Heifer:         1258   $132.03    15,750: Previous Lds:           90.2
  Drsd Steer:           909   $207.92    13,438
  Drsd Heifer:          792   $209.79     9,395
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       14.29
 Ch 600-900# :                 72.86%:         Steer Dressing % :      63.38%
 Ch 600-750# :                 26.27%:         Heifer Dressing %:      63.33%
 Ch 750-900# :                 46.59%:         Processing Cost  :       12.00
 Se 600-900# :                 27.14%:         Slaughter Cost   :       50.50
 Se 600-750# :                  6.84%:
 Se 750-900# :                 20.30%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 194.99                       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            14.21   $181.87   $196.54   $209.20   $204.59   $186.70
 Certified 1-3         5.30   $172.96   $187.63   $200.29   $195.68   $177.79
 Choice 1              3.37   $171.03   $185.70   $198.36   $193.75   $175.86
 Select 1            -13.01   $154.65   $169.32   $181.98   $177.37   $159.48
 Stndrd 1-3          -26.91   $140.75   $155.42   $168.08   $163.47   $145.58
 Prime 4               1.44   $169.10   $183.77   $196.43   $191.82   $173.93
 Choice 4            -11.47   $156.19   $170.86   $183.52   $178.91   $161.02
-----------------------------------------------------------------------------
*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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