Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Mon, Nov 18, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $191.11             $178.28
 Change =>                      -0.08                1.81
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 188,245 head of cattle.
SUPPLY (Live)  122,961 Hd
Equivalent:                   $193.67             $178.85
DEMAND (Box)   65,284 Hd*
Equivalent:                   $188.56             $177.71
Live-Box Spread:               $5.11               $1.14
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $200.56
                  Weight   Price     Head      : Se 600-900#          $189.71
  Live Steer:          1418   $131.21    52,231: Current Lds:           115.2
  Live Heifer:         1283   $131.43    36,350: Previous Lds:          131.9
  Drsd Steer:           922   $207.33    22,170
  Drsd Heifer:          819   $207.65    12,210
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       14.65
 Ch 600-900# :                 74.57%:         Steer Dressing % :      63.36%
 Ch 600-750# :                 26.24%:         Heifer Dressing %:      63.35%
 Ch 750-900# :                 48.33%:         Processing Cost  :       12.00
 Se 600-900# :                 25.43%:         Slaughter Cost   :       50.50
 Se 600-750# :                  6.05%:
 Se 750-900# :                 19.38%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 191.11                       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            14.21   $177.99   $192.66   $205.32   $200.71   $182.82
 Certified 1-3         5.30   $169.08   $183.75   $196.41   $191.80   $173.91
 Choice 1              3.37   $167.15   $181.82   $194.48   $189.87   $171.98
 Select 1            -10.94   $152.84   $167.51   $180.17   $175.56   $157.67
 Stndrd 1-3          -25.84   $137.94   $152.61   $165.27   $160.66   $142.77
 Prime 4               1.44   $165.22   $179.89   $192.55   $187.94   $170.05
 Choice 4            -11.47   $152.31   $166.98   $179.64   $175.03   $157.14
-----------------------------------------------------------------------------
*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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