NW_LS410
Des Moines, IA     Thu, Jul 09, 2009     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                  $126.58             $120.38
 Change =>                   -0.91               -0.61
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Current Index Reflects the Equivalent of 143,584 head of cattle.
SUPPLY (Live)  26,497 Hd
Equivalent:                   $127.65             $120.47
DEMAND (Box)   117,087 Hd*
Equivalent:                   $125.52             $120.29
Live-Box Spread:               $2.13               $0.18
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $137.52
                  Weight       Price      Head : Se 600-900#          $132.29
  Live Steer:          1358    $82.20     4,056: Current Lds:           308.5
  Live Heifer:         1226    $82.19     3,531: Previous Lds:          332.2
  Drsd Steer:           877   $129.90    11,707
  Drsd Heifer:          789   $130.63     7,203
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      Grading % Breakdown                :     Drop Credit      :        7.16
 Ch 600-900# :                 68.96%    :     Steer Dressing % :      64.12%
 Ch 600-750# :                 24.05%    :     Heifer Dressing %:      63.99%
 Ch 750-900# :                 44.91%    :     Processing Cost  :       12.00
 Se 600-900# :                 31.04%    :     Slaughter Cost   :       50.50
 Se 600-750# :                  9.58%    :
 Se 750-900# :                 21.46%    :
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 126.58                       Carcass Weights
                             400-500# 500-600#  600-900# 900-1000#  1000#/up
 Qlty/Yield      (1)           -25.45     -9.79      0.00     -2.80    -19.58
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 Prime 1-3             9.16   $110.29   $125.95   $135.74   $132.94   $116.16
 Certified 1-3         3.91   $105.04   $120.70   $130.49   $127.69   $110.91
 Choice 1              3.25   $104.38   $120.04   $129.83   $127.03   $110.25
 Select 1             -3.42    $97.71   $113.37   $123.16   $120.36   $103.58
 Stndrd 1-3          -17.10    $84.03    $99.69   $109.48   $106.68    $89.90
 Prime 4              -3.44    $97.69   $113.35   $123.14   $120.34   $103.56
 Choice 4            -11.40    $89.73   $105.39   $115.18   $112.38    $95.60
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*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, Des Moines, IA
                 Phone: 515-284-4460   email: desm.lgmn@usda.gov
                 24 Hour recorded market information 515-284-4830
                 www.ams.usda.gov/LSMarketNews
1545C     BCS



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