Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Wed, Jul 24, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $174.83             $168.54
 Change =>                       0.28                0.37
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 127,931 head of cattle.
SUPPLY (Live)  66,368 Hd
Equivalent:                   $174.77             $166.85
DEMAND (Box)   61,563 Hd*
Equivalent:                   $174.89             $170.22
Live-Box Spread:              ($0.12)             ($3.37)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $186.89
                  Weight   Price     Head      : Se 600-900#          $182.22
  Live Steer:          1375   $119.95    22,364: Current Lds:           213.7
  Live Heifer:         1229   $119.81    12,377: Previous Lds:          201.8
  Drsd Steer:           883   $192.51    20,156
  Drsd Heifer:          794   $192.00    11,471
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       14.66
 Ch 600-900# :                 72.80%:         Steer Dressing % :      64.18%
 Ch 600-750# :                 24.13%:         Heifer Dressing %:      64.19%
 Ch 750-900# :                 48.67%:         Processing Cost  :       12.00
 Se 600-900# :                 27.20%:         Slaughter Cost   :       50.50
 Se 600-750# :                  7.67%:
 Se 750-900# :                 19.53%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 174.83                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -27.33    -12.66               -4.61    -22.50
-----------------------------------------------------------------------------
 Prime 1-3            12.58   $160.08   $174.75   $187.41   $182.80   $164.91
 Certified 1-3         4.74   $152.24   $166.91   $179.57   $174.96   $157.07
 Choice 1              3.37   $150.87   $165.54   $178.20   $173.59   $155.70
 Select 1             -4.01   $143.49   $158.16   $170.82   $166.21   $148.32
 Stndrd 1-3          -22.84   $124.66   $139.33   $151.99   $147.38   $129.49
 Prime 4              -0.19   $147.31   $161.98   $174.64   $170.03   $152.14
 Choice 4            -11.47   $136.03   $150.70   $163.36   $158.75   $140.86
-----------------------------------------------------------------------------
*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.LPGMN@ams.usda.gov
        24 Hour recorded market information 515-284-4830
        www.ams.usda.gov/mnreports/NW_LS410.txt
        www.ams.usda.gov/LPSMarketNewsPage



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