Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Mon, May 19, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $215.84             $204.67

 Change =>                      -0.15               -0.19

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

Current Index Reflects the Equivalent of 116,549 head of cattle.

SUPPLY (Live)  60,120 Hd

Equivalent:                   $216.46             $203.79

DEMAND (Box)   56,429 Hd*

Equivalent:                   $215.22             $205.54

Live-Box Spread:               $1.24              ($1.75)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $227.22

                  Weight   Price     Head      : Se 600-900#          $217.54

  Live Steer:          1341   $146.56    19,602: Current Lds:           122.5

  Live Heifer:         1229   $146.49    12,517: Previous Lds:          121.9

  Drsd Steer:           860   $234.01    20,171

  Drsd Heifer:          789   $233.59     7,830

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

      Grading % Breakdown            :         Drop Credit      :       15.58

 Ch 600-900# :                 74.76%:         Steer Dressing % :      63.56%

 Ch 600-750# :                 24.85%:         Heifer Dressing %:      63.47%

 Ch 750-900# :                 49.91%:         Processing Cost  :       12.00

 Se 600-900# :                 25.24%:         Slaughter Cost   :       50.50

 Se 600-750# :                  7.21%:

 Se 750-900# :                 18.03%:

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

 Equivalent Values for Outlying Beef Carcass Types

 Basis Value = 215.84                       Carcass Weights

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

 Qlty/Yield      (1)           -27.33    -13.44               -4.06    -23.13

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

 Prime 1-3            14.40   $202.91   $216.80   $230.24   $226.18   $207.11

 Certified 1-3         5.20   $193.71   $207.60   $221.04   $216.98   $197.91

 Choice 1              3.46   $191.97   $205.86   $219.30   $215.24   $196.17

 Select 1             -8.69   $179.82   $193.71   $207.15   $203.09   $184.02

 Stndrd 1-3          -24.02   $164.49   $178.38   $191.82   $187.76   $168.69

 Prime 4               2.16   $190.67   $204.56   $218.00   $213.94   $194.87

 Choice 4            -10.93   $177.58   $191.47   $204.91   $200.85   $181.78

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

*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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