Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Tue, Sep 24, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $182.71             $165.91
 Change =>                       0.15                0.17
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 160,518 head of cattle.
SUPPLY (Live)  96,868 Hd
Equivalent:                   $183.64             $166.77
DEMAND (Box)   63,650 Hd*
Equivalent:                   $181.77             $165.05
Live-Box Spread:               $1.87               $1.72
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $193.77
                  Weight   Price     Head      : Se 600-900#          $177.05
  Live Steer:          1417   $124.03    32,381: Current Lds:           119.2
  Live Heifer:         1265   $124.22    21,745: Previous Lds:          162.4
  Drsd Steer:           908   $195.60    25,312
  Drsd Heifer:          799   $195.57    17,430
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       13.95
 Ch 600-900# :                 72.77%:         Steer Dressing % :      63.90%
 Ch 600-750# :                 23.94%:         Heifer Dressing %:      63.91%
 Ch 750-900# :                 48.83%:         Processing Cost  :       12.00
 Se 600-900# :                 27.23%:         Slaughter Cost   :       50.50
 Se 600-750# :                  6.59%:
 Se 750-900# :                 20.63%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 182.71                       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            13.46   $168.84   $183.51   $196.17   $191.56   $173.67
 Certified 1-3         5.19   $160.57   $175.24   $187.90   $183.29   $165.40
 Choice 1              3.37   $158.75   $173.42   $186.08   $181.47   $163.58
 Select 1            -13.01   $142.37   $157.04   $169.70   $165.09   $147.20
 Stndrd 1-3          -26.91   $128.47   $143.14   $155.80   $151.19   $133.30
 Prime 4               0.69   $156.07   $170.74   $183.40   $178.79   $160.90
 Choice 4            -11.47   $143.91   $158.58   $171.24   $166.63   $148.74
-----------------------------------------------------------------------------
*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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