Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Mon, Dec 09, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $192.17             $178.29
 Change =>                       0.17                0.33
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 135,032 head of cattle.
SUPPLY (Live)  76,590 Hd
Equivalent:                   $193.83             $180.47
DEMAND (Box)   58,442 Hd*
Equivalent:                   $190.52             $176.12
Live-Box Spread:               $3.31               $4.35
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $202.52
                  Weight   Price     Head      : Se 600-900#          $188.12
  Live Steer:          1401   $131.82    28,704: Current Lds:           127.1
  Live Heifer:         1256   $131.92    24,576: Previous Lds:          157.2
  Drsd Steer:           907   $208.78    13,998
  Drsd Heifer:          808   $209.29     9,312
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       14.97
 Ch 600-900# :                 74.89%:         Steer Dressing % :      63.40%
 Ch 600-750# :                 26.39%:         Heifer Dressing %:      63.39%
 Ch 750-900# :                 48.49%:         Processing Cost  :       12.00
 Se 600-900# :                 25.11%:         Slaughter Cost   :       50.50
 Se 600-750# :                  5.62%:
 Se 750-900# :                 19.49%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 192.17                       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            14.46   $179.30   $193.97   $206.63   $202.02   $184.13
 Certified 1-3         5.30   $170.14   $184.81   $197.47   $192.86   $174.97
 Choice 1              3.37   $168.21   $182.88   $195.54   $190.93   $173.04
 Select 1             -9.48   $155.36   $170.03   $182.69   $178.08   $160.19
 Stndrd 1-3          -25.13   $139.71   $154.38   $167.04   $162.43   $144.54
 Prime 4               1.69   $166.53   $181.20   $193.86   $189.25   $171.36
 Choice 4            -11.47   $153.37   $168.04   $180.70   $176.09   $158.20
-----------------------------------------------------------------------------
*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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