Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Thu, Feb 27, 2014     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $212.48             $209.57
 Change =>                       3.41                3.35
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 204,494 head of cattle.
SUPPLY (Live)  149,948 Hd
Equivalent:                   $215.55             $212.14
DEMAND (Box)   54,546 Hd*
Equivalent:                   $209.41             $207.00
Live-Box Spread:               $6.14               $5.14
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $221.41
                  Weight   Price     Head      : Se 600-900#          $219.00
  Live Steer:          1395   $147.89    60,180: Current Lds:           136.5
  Live Heifer:         1288   $148.06    47,068: Previous Lds:          217.0
  Drsd Steer:           902   $234.59    27,577
  Drsd Heifer:          839   $234.31    15,123
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       15.32
 Ch 600-900# :                 78.00%:         Steer Dressing % :      63.45%
 Ch 600-750# :                 25.74%:         Heifer Dressing %:      63.39%
 Ch 750-900# :                 52.25%:         Processing Cost  :       12.00
 Se 600-900# :                 22.00%:         Slaughter Cost   :       50.50
 Se 600-750# :                  4.26%:
 Se 750-900# :                 17.74%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 212.48                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -27.33    -12.82               -3.83    -22.50
-----------------------------------------------------------------------------
 Prime 1-3            13.83   $198.98   $213.49   $226.31   $222.48   $203.81
 Certified 1-3         4.97   $190.12   $204.63   $217.45   $213.62   $194.95
 Choice 1              3.37   $188.52   $203.03   $215.85   $212.02   $193.35
 Select 1              0.52   $185.67   $200.18   $213.00   $209.17   $190.50
 Stndrd 1-3          -18.57   $166.58   $181.09   $193.91   $190.08   $171.41
 Prime 4               1.20   $186.35   $200.86   $213.68   $209.85   $191.18
 Choice 4            -11.33   $173.82   $188.33   $201.15   $197.32   $178.65
-----------------------------------------------------------------------------
*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.LPGMN@ams.usda.gov
        24 Hour recorded market information 515-284-4830
        www.ams.usda.gov/mnreports/NW_LS410.txt
        www.ams.usda.gov/LPSMarketNewsPage



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