Beef Carcass Price Equivalent

NW_LS410
Des Moines, IA     Wed, Nov 21, 2012     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $185.02             $164.69
 Change =>                       0.34                0.30
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Current Index Reflects the Equivalent of 160,422 head of cattle.
SUPPLY (Live)  80,405 Hd
Equivalent:                   $187.15             $167.00
DEMAND (Box)   80,017 Hd*
Equivalent:                   $182.89             $162.37
Live-Box Spread:               $4.26               $4.63
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $194.89
                  Weight   Price     Head      : Se 600-900#          $174.37
  Live Steer:          1382   $125.22    31,468: Current Lds:           183.0
  Live Heifer:         1249   $125.41    22,650: Previous Lds:          245.4
  Drsd Steer:           912   $196.14    15,721
  Drsd Heifer:          841   $196.32    10,566
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       12.92
 Ch 600-900# :                 71.64%:         Steer Dressing % :      63.91%
 Ch 600-750# :                 23.23%:         Heifer Dressing %:      63.89%
 Ch 750-900# :                 48.41%:         Processing Cost  :       12.00
 Se 600-900# :                 28.36%:         Slaughter Cost   :       50.50
 Se 600-750# :                  7.35%:
 Se 750-900# :                 21.02%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 185.02                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -26.07    -12.14               -2.06    -21.15
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 Prime 1-3            16.63   $175.58   $189.51   $201.65   $199.59   $180.50
 Certified 1-3         5.63   $164.58   $178.51   $190.65   $188.59   $169.50
 Choice 1              3.58   $162.53   $176.46   $188.60   $186.54   $167.45
 Select 1            -16.06   $142.89   $156.82   $168.96   $166.90   $147.81
 Stndrd 1-3          -27.95   $131.00   $144.93   $157.07   $155.01   $135.92
 Prime 4               4.40   $163.35   $177.28   $189.42   $187.36   $168.27
 Choice 4            -10.85   $148.10   $162.03   $174.17   $172.11   $153.02
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*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.LGMN@ams.usda.gov
        24 Hour recorded market information 515-284-4830
        www.ams.usda.gov/mnreports/NW_LS410.txt
        www.ams.usda.gov/LSMarketNews

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