Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Fri, Jun 14, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $185.21             $167.37
 Change =>                      -0.51               -0.25
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 117,924 head of cattle.
SUPPLY (Live)  49,633 Hd
Equivalent:                   $182.89             $162.95
DEMAND (Box)   68,291 Hd*
Equivalent:                   $187.53             $171.79
Live-Box Spread:              ($4.64)             ($8.84)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $199.53
                  Weight   Price     Head      : Se 600-900#          $183.79
  Live Steer:          1344   $123.03    22,003: Current Lds:           118.9
  Live Heifer:         1198   $122.58    11,262: Previous Lds:          152.6
  Drsd Steer:           865   $196.67    11,843
  Drsd Heifer:          782   $196.66     4,525
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       14.45
 Ch 600-900# :                 72.74%:         Steer Dressing % :      64.01%
 Ch 600-750# :                 23.77%:         Heifer Dressing %:      64.01%
 Ch 750-900# :                 48.98%:         Processing Cost  :       12.00
 Se 600-900# :                 27.26%:         Slaughter Cost   :       50.50
 Se 600-750# :                  5.96%:
 Se 750-900# :                 21.29%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 185.21                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -27.33    -12.66               -4.93    -22.81
-----------------------------------------------------------------------------
 Prime 1-3            12.14   $170.02   $184.69   $197.35   $192.42   $174.54
 Certified 1-3         5.08   $162.96   $177.63   $190.29   $185.36   $167.48
 Choice 1              3.37   $161.25   $175.92   $188.58   $183.65   $165.77
 Select 1            -16.09   $141.79   $156.46   $169.12   $164.19   $146.31
 Stndrd 1-3          -29.20   $128.68   $143.35   $156.01   $151.08   $133.20
 Prime 4              -0.63   $157.25   $171.92   $184.58   $179.65   $161.77
 Choice 4            -11.47   $146.41   $161.08   $173.74   $168.81   $150.93
-----------------------------------------------------------------------------
*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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