Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Wed, May 21, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $217.68             $205.81

 Change =>                       0.38                0.44

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

Current Index Reflects the Equivalent of 113,222 head of cattle.

SUPPLY (Live)  58,542 Hd

Equivalent:                   $216.19             $203.52

DEMAND (Box)   54,680 Hd*

Equivalent:                   $219.16             $208.09

Live-Box Spread:              ($2.97)             ($4.57)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $231.16

                  Weight   Price     Head      : Se 600-900#          $220.09

  Live Steer:          1343   $146.54    18,822: Current Lds:           207.7

  Live Heifer:         1229   $146.50    12,559: Previous Lds:          160.9

  Drsd Steer:           861   $233.85    19,331

  Drsd Heifer:          789   $233.59     7,830

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

      Grading % Breakdown            :         Drop Credit      :       15.71

 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 = 217.68                       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   $204.75   $218.64   $232.08   $228.02   $208.95

 Certified 1-3         5.20   $195.55   $209.44   $222.88   $218.82   $199.75

 Choice 1              3.46   $193.81   $207.70   $221.14   $217.08   $198.01

 Select 1             -8.69   $181.66   $195.55   $208.99   $204.93   $185.86

 Stndrd 1-3          -24.02   $166.33   $180.22   $193.66   $189.60   $170.53

 Prime 4               2.16   $192.51   $206.40   $219.84   $215.78   $196.71

 Choice 4            -10.93   $179.42   $193.31   $206.75   $202.69   $183.62

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

*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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