Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Fri, Nov 08, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $192.81             $177.85
 Change =>                      -0.98               -0.59
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 111,883 head of cattle.
SUPPLY (Live)  60,179 Hd
Equivalent:                   $194.82             $177.95
DEMAND (Box)   51,704 Hd*
Equivalent:                   $190.79             $177.74
Live-Box Spread:               $4.03               $0.21
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $202.79
                  Weight   Price     Head      : Se 600-900#          $189.74
  Live Steer:          1394   $131.38    27,347: Current Lds:           107.7
  Live Heifer:         1243   $131.68    16,792: Previous Lds:          149.4
  Drsd Steer:           909   $207.39    11,723
  Drsd Heifer:          833   $207.15     4,317
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       14.63
 Ch 600-900# :                 72.86%:         Steer Dressing % :      63.42%
 Ch 600-750# :                 26.27%:         Heifer Dressing %:      63.38%
 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 = 192.81                       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   $179.69   $194.36   $207.02   $202.41   $184.52
 Certified 1-3         5.30   $170.78   $185.45   $198.11   $193.50   $175.61
 Choice 1              3.37   $168.85   $183.52   $196.18   $191.57   $173.68
 Select 1            -13.01   $152.47   $167.14   $179.80   $175.19   $157.30
 Stndrd 1-3          -26.91   $138.57   $153.24   $165.90   $161.29   $143.40
 Prime 4               1.44   $166.92   $181.59   $194.25   $189.64   $171.75
 Choice 4            -11.47   $154.01   $168.68   $181.34   $176.73   $158.84
-----------------------------------------------------------------------------
*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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