Beef Carcass Price Equivalent

NW_LS410
Des Moines, IA     Wed, Jan 16, 2013     USDA Market News

***This report will not be released on Monday, January 21, 2013 as our 
offices will be closed in observance of the Martin Luther King, Jr. 
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USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $185.01             $175.05
 Change =>                      -0.21                0.24
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Current Index Reflects the Equivalent of 113,221 head of cattle.
SUPPLY (Live)  48,593 Hd
Equivalent:                   $188.19             $175.91
DEMAND (Box)   64,628 Hd*
Equivalent:                   $181.83             $174.20
Live-Box Spread:               $6.36               $1.71
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $193.83
                  Weight   Price     Head      : Se 600-900#          $186.20
  Live Steer:          1390   $125.90    10,528: Current Lds:           183.0
  Live Heifer:         1314   $125.89     8,884: Previous Lds:          181.4
  Drsd Steer:           904   $203.03    18,308
  Drsd Heifer:          805   $202.79    10,873
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      Grading % Breakdown            :         Drop Credit      :       13.53
 Ch 600-900# :                 73.91%:         Steer Dressing % :      63.86%
 Ch 600-750# :                 23.57%:         Heifer Dressing %:      63.80%
 Ch 750-900# :                 50.35%:         Processing Cost  :       12.00
 Se 600-900# :                 26.09%:         Slaughter Cost   :       50.50
 Se 600-750# :                  6.38%:
 Se 750-900# :                 19.71%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 185.01                       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            16.42   $175.36   $188.75   $201.43   $199.37   $180.28
 Certified 1-3         5.13   $164.07   $177.46   $190.14   $188.08   $168.99
 Choice 1              3.58   $162.52   $175.91   $188.59   $186.53   $167.44
 Select 1             -8.15   $150.79   $164.18   $176.86   $174.80   $155.71
 Stndrd 1-3          -23.37   $135.57   $148.96   $161.64   $159.58   $140.49
 Prime 4               3.81   $162.75   $176.14   $188.82   $186.76   $167.67
 Choice 4            -11.23   $147.71   $161.10   $173.78   $171.72   $152.63
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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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