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Des Moines, IA - Thu, May 08, 2008 - USDA Market News
USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE
CHOICE SELECT
Index 600-900# 600-900#
Values => $141.76 $138.16
Change => 0.15 -0.28
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Current Index Reflects the Equivalent of 318,531 head of cattle.
SUPPLY (Live) 201,058 Hd
Equivalent: $140.35 $136.22
DEMAND (Box) 117,473 Hd*
Equivalent: $143.18 $140.10
Live-Box Spread: ($2.83) ($3.88)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $155.18
Weight Price Head : Se 600-900# $152.10
Live Steer: 1273 $92.29 57,615: Current Lds: 350.8
Live Heifer: 1156 $92.24 45,578: Previous Lds: 479.8
Drsd Steer: 830 $148.24 67,598
Drsd Heifer: 754 $147.81 30,267
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Grading % Breakdown : Drop Credit : 10.61
Ch 600-900# : 69.35% : Steer Dressing % : 63.32%
Ch 600-750# : 28.22% : Heifer Dressing %: 63.41%
Ch 750-900# : 41.13% : Processing Cost : 12.00
Se 600-900# : 30.65% : Slaughter Cost : 50.50
Se 600-750# : 12.01% :
Se 750-900# : 18.65% :
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Equivalent Values for Outlying Beef Carcass Types
Basis Value = 141.76 Carcass Weights
400-500# 500-600# 600-900# 900-1000# 1000#/up
Qlty/Yield (1) -26.36 -10.38 0.00 -3.28 -19.17
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Prime 1-3 12.22 $127.62 $143.60 $153.98 $150.70 $134.81
Certified 1-3 4.49 $119.89 $135.87 $146.25 $142.97 $127.08
Choice 1 2.75 $118.15 $134.13 $144.51 $141.23 $125.34
Select 1 -0.83 $114.57 $130.55 $140.93 $137.65 $121.76
Stndrd 1-3 -13.23 $102.17 $118.15 $128.53 $125.25 $109.36
Prime 4 -2.27 $113.13 $129.11 $139.49 $136.21 $120.32
Choice 4 -13.50 $101.90 $117.88 $128.26 $124.98 $109.09
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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 KDC
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