Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Thu, Feb 07, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $177.82             $173.19
 Change =>                       0.17                0.65
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 134,492 head of cattle.
SUPPLY (Live)  58,634 Hd
Equivalent:                   $184.19             $177.25
DEMAND (Box)   75,858 Hd*
Equivalent:                   $171.46             $169.13
Live-Box Spread:              $12.73               $8.12
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $183.46
                  Weight   Price     Head      : Se 600-900#          $181.13
  Live Steer:          1449   $125.58    13,316: Current Lds:           199.7
  Live Heifer:         1333   $125.25    11,633: Previous Lds:          185.7
  Drsd Steer:           902   $201.32    18,799
  Drsd Heifer:          811   $201.55    14,886
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       13.59
 Ch 600-900# :                 75.30%:         Steer Dressing % :      64.60%
 Ch 600-750# :                 24.84%:         Heifer Dressing %:      64.59%
 Ch 750-900# :                 50.46%:         Processing Cost  :       12.00
 Se 600-900# :                 24.70%:         Slaughter Cost   :       50.50
 Se 600-750# :                  5.66%:
 Se 750-900# :                 19.04%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 177.82                       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            15.63   $167.38   $180.77   $193.45   $191.39   $172.30
 Certified 1-3         5.13   $156.88   $170.27   $182.95   $180.89   $161.80
 Choice 1              3.58   $155.33   $168.72   $181.40   $179.34   $160.25
 Select 1             -2.78   $148.97   $162.36   $175.04   $172.98   $153.89
 Stndrd 1-3          -20.70   $131.05   $144.44   $157.12   $155.06   $135.97
 Prime 4               3.02   $154.77   $168.16   $180.84   $178.78   $159.69
 Choice 4            -11.23   $140.52   $153.91   $166.59   $164.53   $145.44
-----------------------------------------------------------------------------
*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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