Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Thu, May 15, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $215.96             $204.60

 Change =>                 unchgd                   -0.06

-----------------------------------------------------------------------------

Current Index Reflects the Equivalent of 119,710 head of cattle.

SUPPLY (Live)  60,614 Hd

Equivalent:                   $218.72             $205.74

DEMAND (Box)   59,096 Hd*

Equivalent:                   $213.21             $203.47

Live-Box Spread:               $5.51               $2.27

----------------------------  Input Breakdown   -----------------------------

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $225.21

                  Weight   Price     Head      : Se 600-900#          $215.47

  Live Steer:          1335   $148.20    25,838: Current Lds:           116.1

  Live Heifer:         1208   $147.86    13,214: Previous Lds:          214.2

  Drsd Steer:           864   $236.59    16,879

  Drsd Heifer:          801   $236.14     4,683

-----------------------------------------------------------------------------

      Grading % Breakdown            :         Drop Credit      :       15.74

 Ch 600-900# :                 74.64%:         Steer Dressing % :      63.45%

 Ch 600-750# :                 24.55%:         Heifer Dressing %:      63.38%

 Ch 750-900# :                 50.09%:         Processing Cost  :       12.00

 Se 600-900# :                 25.36%:         Slaughter Cost   :       50.50

 Se 600-750# :                  6.22%:

 Se 750-900# :                 19.15%:

-----------------------------------------------------------------------------

 Equivalent Values for Outlying Beef Carcass Types

 Basis Value = 215.96                       Carcass Weights

                             400-500#500-600#  600-900#  900-1000#  1000#/up

 Qlty/Yield      (1)           -27.33    -13.44               -3.83    -23.13

-----------------------------------------------------------------------------

 Prime 1-3            14.34   $202.97   $216.86   $230.30   $226.47   $207.17

 Certified 1-3         5.20   $193.83   $207.72   $221.16   $217.33   $198.03

 Choice 1              3.46   $192.09   $205.98   $219.42   $215.59   $196.29

 Select 1             -9.00   $179.63   $193.52   $206.96   $203.13   $183.83

 Stndrd 1-3          -24.36   $164.27   $178.16   $191.60   $187.77   $168.47

 Prime 4               2.10   $190.73   $204.62   $218.06   $214.23   $194.93

 Choice 4            -10.93   $177.70   $191.59   $205.03   $201.20   $181.90

-----------------------------------------------------------------------------

*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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