Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Fri, Nov 15, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $191.19             $176.47
 Change =>                      -0.73               -0.07
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 122,881 head of cattle.
SUPPLY (Live)  58,163 Hd
Equivalent:                   $193.23             $176.51
DEMAND (Box)   64,718 Hd*
Equivalent:                   $189.16             $176.44
Live-Box Spread:               $4.07               $0.07
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $201.16
                  Weight   Price     Head      : Se 600-900#          $188.44
  Live Steer:          1439   $130.83    25,113: Current Lds:           131.9
  Live Heifer:         1294   $131.15    18,226: Previous Lds:          169.6
  Drsd Steer:           919   $206.56    10,007
  Drsd Heifer:          827   $206.72     4,817
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       14.63
 Ch 600-900# :                 74.54%:         Steer Dressing % :      63.43%
 Ch 600-750# :                 27.37%:         Heifer Dressing %:      63.42%
 Ch 750-900# :                 47.18%:         Processing Cost  :       12.00
 Se 600-900# :                 25.46%:         Slaughter Cost   :       50.50
 Se 600-750# :                  6.24%:
 Se 750-900# :                 19.22%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 191.19                       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   $178.07   $192.74   $205.40   $200.79   $182.90
 Certified 1-3         5.30   $169.16   $183.83   $196.49   $191.88   $173.99
 Choice 1              3.37   $167.23   $181.90   $194.56   $189.95   $172.06
 Select 1            -12.86   $151.00   $165.67   $178.33   $173.72   $155.83
 Stndrd 1-3          -26.77   $137.09   $151.76   $164.42   $159.81   $141.92
 Prime 4               1.44   $165.30   $179.97   $192.63   $188.02   $170.13
 Choice 4            -11.47   $152.39   $167.06   $179.72   $175.11   $157.22
-----------------------------------------------------------------------------
*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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