Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Wed, Dec 04, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $192.78             $179.36
 Change =>                       0.14                0.04
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 151,635 head of cattle.
SUPPLY (Live)  99,216 Hd
Equivalent:                   $194.26             $180.67
DEMAND (Box)   52,419 Hd*
Equivalent:                   $191.30             $178.04
Live-Box Spread:               $2.96               $2.63
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $203.30
                  Weight   Price     Head      : Se 600-900#          $190.04
  Live Steer:          1420   $132.57    30,919: Current Lds:           154.9
  Live Heifer:         1285   $132.53    26,523: Previous Lds:          188.5
  Drsd Steer:           914   $209.47    25,153
  Drsd Heifer:          815   $209.14    16,621
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       15.10
 Ch 600-900# :                 73.38%:         Steer Dressing % :      63.71%
 Ch 600-750# :                 26.22%:         Heifer Dressing %:      63.72%
 Ch 750-900# :                 47.16%:         Processing Cost  :       12.00
 Se 600-900# :                 26.62%:         Slaughter Cost   :       50.50
 Se 600-750# :                  7.05%:
 Se 750-900# :                 19.57%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 192.78                       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            14.52   $179.97   $194.64   $207.30   $202.69   $184.80
 Certified 1-3         5.30   $170.75   $185.42   $198.08   $193.47   $175.58
 Choice 1              3.37   $168.82   $183.49   $196.15   $191.54   $173.65
 Select 1             -9.71   $155.74   $170.41   $183.07   $178.46   $160.57
 Stndrd 1-3          -25.13   $140.32   $154.99   $167.65   $163.04   $145.15
 Prime 4               1.75   $167.20   $181.87   $194.53   $189.92   $172.03
 Choice 4            -11.47   $153.98   $168.65   $181.31   $176.70   $158.81
-----------------------------------------------------------------------------
*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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