NW_LS410
Des Moines, IA     Tue, Jun 18, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $184.24             $167.00
 Change =>                      -0.50                0.15
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Current Index Reflects the Equivalent of 124,872 head of cattle.
SUPPLY (Live)  60,339 Hd
Equivalent:                   $180.24             $161.61
DEMAND (Box)   64,533 Hd*
Equivalent:                   $188.24             $172.39
Live-Box Spread:              ($8.00)            ($10.78)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $200.24
                  Weight   Price     Head      : Se 600-900#          $184.39
  Live Steer:          1344   $121.01    23,366: Current Lds:           197.1
  Live Heifer:         1209   $120.58    11,305: Previous Lds:          145.9
  Drsd Steer:           881   $194.85    17,300
  Drsd Heifer:          802   $194.49     8,368
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      Grading % Breakdown            :         Drop Credit      :       14.48
 Ch 600-900# :                 72.50%:         Steer Dressing % :      64.03%
 Ch 600-750# :                 24.88%:         Heifer Dressing %:      64.05%
 Ch 750-900# :                 47.62%:         Processing Cost  :       12.00
 Se 600-900# :                 27.50%:         Slaughter Cost   :       50.50
 Se 600-750# :                  7.74%:
 Se 750-900# :                 19.76%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 184.24                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -27.33    -12.66               -4.93    -22.19
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 Prime 1-3            12.14   $169.05   $183.72   $196.38   $191.45   $174.19
 Certified 1-3         5.08   $161.99   $176.66   $189.32   $184.39   $167.13
 Choice 1              3.37   $160.28   $174.95   $187.61   $182.68   $165.42
 Select 1            -14.78   $142.13   $156.80   $169.46   $164.53   $147.27
 Stndrd 1-3          -28.56   $128.35   $143.02   $155.68   $150.75   $133.49
 Prime 4              -0.63   $156.28   $170.95   $183.61   $178.68   $161.42
 Choice 4            -11.47   $145.44   $160.11   $172.77   $167.84   $150.58
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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 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