NW_LS410 Des Moines, IA Fri, May 17, 2013 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $191.86 $176.73 Change => 0.31 -0.27 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 86,811 head of cattle. SUPPLY (Live) 32,240 Hd Equivalent: $186.20 $173.15 DEMAND (Box) 54,571 Hd* Equivalent: $197.51 $180.31 Live-Box Spread: ($11.31) ($7.16) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $209.51 Weight Price Head : Se 600-900# $192.31 Live Steer: 1314 $125.29 10,663: Current Lds: 108.4 Live Heifer: 1188 $125.26 6,910: Previous Lds: 115.7 Drsd Steer: 853 $200.79 8,026 Drsd Heifer: 770 $199.29 6,641 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 13.96 Ch 600-900# : 73.00%: Steer Dressing % : 63.77% Ch 600-750# : 24.86%: Heifer Dressing %: 63.79% Ch 750-900# : 48.14%: Processing Cost : 12.00 Se 600-900# : 27.00%: Slaughter Cost : 50.50 Se 600-750# : 6.92%: Se 750-900# : 20.08%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 191.86 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 $177.11 $191.78 $204.44 $199.83 $181.94 Certified 1-3 5.08 $169.61 $184.28 $196.94 $192.33 $174.44 Choice 1 3.37 $167.90 $182.57 $195.23 $190.62 $172.73 Select 1 -9.17 $155.36 $170.03 $182.69 $178.08 $160.19 Stndrd 1-3 -25.41 $139.12 $153.79 $166.45 $161.84 $143.95 Prime 4 -0.19 $164.34 $179.01 $191.67 $187.06 $169.17 Choice 4 -11.47 $153.06 $167.73 $180.39 $175.78 $157.89 ----------------------------------------------------------------------------- *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