NW_LS410 Des Moines, IA Fri, May 24, 2013 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $191.41 $174.45 Change => -1.31 -0.60 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 151,053 head of cattle. SUPPLY (Live) 95,665 Hd Equivalent: $185.95 $170.45 DEMAND (Box) 55,388 Hd* Equivalent: $196.87 $178.44 Live-Box Spread: ($10.92) ($7.99) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $208.87 Weight Price Head : Se 600-900# $190.44 Live Steer: 1328 $125.12 37,485: Current Lds: 111.4 Live Heifer: 1194 $125.03 24,107: Previous Lds: 144.5 Drsd Steer: 861 $200.72 22,409 Drsd Heifer: 797 $199.96 11,664 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 13.99 Ch 600-900# : 73.10%: Steer Dressing % : 63.98% Ch 600-750# : 24.59%: Heifer Dressing %: 63.95% Ch 750-900# : 48.52%: Processing Cost : 12.00 Se 600-900# : 26.90%: Slaughter Cost : 50.50 Se 600-750# : 7.08%: Se 750-900# : 19.81%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 191.41 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 12.33 $176.41 $191.08 $203.74 $199.13 $181.24 Certified 1-3 5.08 $169.16 $183.83 $196.49 $191.88 $173.99 Choice 1 3.37 $167.45 $182.12 $194.78 $190.17 $172.28 Select 1 -11.63 $152.45 $167.12 $179.78 $175.17 $157.28 Stndrd 1-3 -27.06 $137.02 $151.69 $164.35 $159.74 $141.85 Prime 4 -0.44 $163.64 $178.31 $190.97 $186.36 $168.47 Choice 4 -11.47 $152.61 $167.28 $179.94 $175.33 $157.44 ----------------------------------------------------------------------------- *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