Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Fri, Jul 05, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $180.79             $170.11
 Change =>                      -0.93               -0.60
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 155,064 head of cattle.
SUPPLY (Live)  98,182 Hd
Equivalent:                   $177.24             $164.50
DEMAND (Box)   56,882 Hd*
Equivalent:                   $184.34             $175.73
Live-Box Spread:              ($7.10)            ($11.23)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $196.34
                  Weight   Price     Head      : Se 600-900#          $187.73
  Live Steer:          1359   $120.44    35,466: Current Lds:           160.7
  Live Heifer:         1209   $120.11    24,547: Previous Lds:          181.6
  Drsd Steer:           875   $193.65    21,496
  Drsd Heifer:          786   $191.95    16,673
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       14.59
 Ch 600-900# :                 72.46%:         Steer Dressing % :      63.85%
 Ch 600-750# :                 24.59%:         Heifer Dressing %:      63.87%
 Ch 750-900# :                 47.87%:         Processing Cost  :       12.00
 Se 600-900# :                 27.54%:         Slaughter Cost   :       50.50
 Se 600-750# :                  6.41%:
 Se 750-900# :                 21.13%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 180.79                       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   $165.60   $180.27   $192.93   $188.00   $170.12
 Certified 1-3         4.86   $158.32   $172.99   $185.65   $180.72   $162.84
 Choice 1              3.37   $156.83   $171.50   $184.16   $179.23   $161.35
 Select 1             -8.86   $144.60   $159.27   $171.93   $167.00   $149.12
 Stndrd 1-3          -25.34   $128.12   $142.79   $155.45   $150.52   $132.64
 Prime 4              -0.63   $152.83   $167.50   $180.16   $175.23   $157.35
 Choice 4            -11.47   $141.99   $156.66   $169.32   $164.39   $146.51
-----------------------------------------------------------------------------
*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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