Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Fri, Dec 07, 2012     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $184.54             $163.46
 Change =>                      -0.93               -0.99
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 101,023 head of cattle.
SUPPLY (Live)  33,613 Hd
Equivalent:                   $188.13             $166.53
DEMAND (Box)   67,410 Hd*
Equivalent:                   $180.95             $160.39
Live-Box Spread:               $7.18               $6.14
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $192.95
                  Weight   Price     Head      : Se 600-900#          $172.39
  Live Steer:          1394   $125.08    11,840: Current Lds:           150.3
  Live Heifer:         1275   $125.23     6,591: Previous Lds:          202.4
  Drsd Steer:           915   $198.44     9,322
  Drsd Heifer:          803   $198.19     5,860
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       13.02
 Ch 600-900# :                 70.74%:         Steer Dressing % :      64.12%
 Ch 600-750# :                 24.28%:         Heifer Dressing %:      64.16%
 Ch 750-900# :                 46.47%:         Processing Cost  :       12.00
 Se 600-900# :                 29.26%:         Slaughter Cost   :       50.50
 Se 600-750# :                  8.09%:
 Se 750-900# :                 21.17%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 184.54                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -26.07    -12.68               -2.06    -21.15
-----------------------------------------------------------------------------
 Prime 1-3            16.70   $175.17   $188.56   $201.24   $199.18   $180.09
 Certified 1-3         5.51   $163.98   $177.37   $190.05   $187.99   $168.90
 Choice 1              3.58   $162.05   $175.44   $188.12   $186.06   $166.97
 Select 1            -17.51   $140.96   $154.35   $167.03   $164.97   $145.88
 Stndrd 1-3          -28.54   $129.93   $143.32   $156.00   $153.94   $134.85
 Prime 4               4.09   $162.56   $175.95   $188.63   $186.57   $167.48
 Choice 4            -11.23   $147.24   $160.63   $173.31   $171.25   $152.16
-----------------------------------------------------------------------------
*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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