Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Wed, Aug 21, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $182.19             $173.33
 Change =>                      -0.08               -0.21
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 128,349 head of cattle.
SUPPLY (Live)  74,854 Hd
Equivalent:                   $180.92             $174.23
DEMAND (Box)   53,495 Hd*
Equivalent:                   $183.46             $172.44
Live-Box Spread:              ($2.54)              $1.79
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $195.46
                  Weight   Price     Head      : Se 600-900#          $184.44
  Live Steer:          1391   $124.14    23,458: Current Lds:           194.6
  Live Heifer:         1250   $124.32    19,526: Previous Lds:          149.7
  Drsd Steer:           898   $197.96    18,915
  Drsd Heifer:          810   $197.39    12,955
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       14.13
 Ch 600-900# :                 72.84%:         Steer Dressing % :      64.35%
 Ch 600-750# :                 24.85%:         Heifer Dressing %:      64.32%
 Ch 750-900# :                 47.98%:         Processing Cost  :       12.00
 Se 600-900# :                 27.16%:         Slaughter Cost   :       50.50
 Se 600-750# :                  6.10%:
 Se 750-900# :                 21.07%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 182.19                       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            12.71   $167.57   $182.24   $194.90   $190.29   $172.40
 Certified 1-3         4.86   $159.72   $174.39   $187.05   $182.44   $164.55
 Choice 1              3.37   $158.23   $172.90   $185.56   $180.95   $163.06
 Select 1             -2.78   $152.08   $166.75   $179.41   $174.80   $156.91
 Stndrd 1-3          -21.34   $133.52   $148.19   $160.85   $156.24   $138.35
 Prime 4              -0.06   $154.80   $169.47   $182.13   $177.52   $159.63
 Choice 4            -11.47   $143.39   $158.06   $170.72   $166.11   $148.22
-----------------------------------------------------------------------------
*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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