Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Tue, May 20, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $217.30             $205.37

 Change =>                       1.46                0.70

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

Current Index Reflects the Equivalent of 114,673 head of cattle.

SUPPLY (Live)  59,504 Hd

Equivalent:                   $216.37             $203.70

DEMAND (Box)   55,169 Hd*

Equivalent:                   $218.23             $207.03

Live-Box Spread:              ($1.86)             ($3.33)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $230.23

                  Weight   Price     Head      : Se 600-900#          $219.03

  Live Steer:          1341   $146.55    19,439: Current Lds:           160.9

  Live Heifer:         1229   $146.50    12,559: Previous Lds:          122.5

  Drsd Steer:           862   $233.91    19,676

  Drsd Heifer:          789   $233.59     7,830

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

      Grading % Breakdown            :         Drop Credit      :       15.61

 Ch 600-900# :                 74.76%:         Steer Dressing % :      63.55%

 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 = 217.30                       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   $204.37   $218.26   $231.70   $227.64   $208.57

 Certified 1-3         5.20   $195.17   $209.06   $222.50   $218.44   $199.37

 Choice 1              3.46   $193.43   $207.32   $220.76   $216.70   $197.63

 Select 1             -8.69   $181.28   $195.17   $208.61   $204.55   $185.48

 Stndrd 1-3          -24.02   $165.95   $179.84   $193.28   $189.22   $170.15

 Prime 4               2.16   $192.13   $206.02   $219.46   $215.40   $196.33

 Choice 4            -10.93   $179.04   $192.93   $206.37   $202.31   $183.24

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

*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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