Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Thu, May 22, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $217.96             $206.31

 Change =>                       0.28                0.50

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

Current Index Reflects the Equivalent of 130,964 head of cattle.

SUPPLY (Live)  72,546 Hd

Equivalent:                   $216.13             $203.46

DEMAND (Box)   58,418 Hd*

Equivalent:                   $219.79             $209.16

Live-Box Spread:              ($3.66)             ($5.70)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $231.79

                  Weight   Price     Head      : Se 600-900#          $221.16

  Live Steer:          1344   $146.43    24,805: Current Lds:           165.9

  Live Heifer:         1230   $146.41    14,339: Previous Lds:          207.7

  Drsd Steer:           866   $233.69    24,089

  Drsd Heifer:          792   $233.37     9,313

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

      Grading % Breakdown            :         Drop Credit      :       15.68

 Ch 600-900# :                 74.76%:         Steer Dressing % :      63.48%

 Ch 600-750# :                 24.85%:         Heifer Dressing %:      63.43%

 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 = 217.96                       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   $205.03   $218.92   $232.36   $228.30   $209.23

 Certified 1-3         5.20   $195.83   $209.72   $223.16   $219.10   $200.03

 Choice 1              3.46   $194.09   $207.98   $221.42   $217.36   $198.29

 Select 1             -8.69   $181.94   $195.83   $209.27   $205.21   $186.14

 Stndrd 1-3          -24.02   $166.61   $180.50   $193.94   $189.88   $170.81

 Prime 4               2.16   $192.79   $206.68   $220.12   $216.06   $196.99

 Choice 4            -10.93   $179.70   $193.59   $207.03   $202.97   $183.90

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

*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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