Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Fri, Dec 13, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $189.91             $177.29
 Change =>                      -1.29               -0.31
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 89,280 head of cattle.
SUPPLY (Live)  23,190 Hd
Equivalent:                   $192.92             $179.56
DEMAND (Box)   66,090 Hd*
Equivalent:                   $186.89             $175.01
Live-Box Spread:               $6.03               $4.55
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $198.89
                  Weight   Price     Head      : Se 600-900#          $187.01
  Live Steer:          1427   $131.78     9,497: Current Lds:           133.9
  Live Heifer:         1295   $131.79     6,415: Previous Lds:          185.8
  Drsd Steer:           912   $208.34     5,499
  Drsd Heifer:          834   $208.61     1,779
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       15.02
 Ch 600-900# :                 74.89%:         Steer Dressing % :      63.57%
 Ch 600-750# :                 26.39%:         Heifer Dressing %:      63.64%
 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 = 189.91                       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   $177.04   $191.71   $204.37   $199.76   $181.87
 Certified 1-3         5.30   $167.88   $182.55   $195.21   $190.60   $172.71
 Choice 1              3.37   $165.95   $180.62   $193.28   $188.67   $170.78
 Select 1             -9.48   $153.10   $167.77   $180.43   $175.82   $157.93
 Stndrd 1-3          -25.13   $137.45   $152.12   $164.78   $160.17   $142.28
 Prime 4               1.69   $164.27   $178.94   $191.60   $186.99   $169.10
 Choice 4            -11.47   $151.11   $165.78   $178.44   $173.83   $155.94
-----------------------------------------------------------------------------
*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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