Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Fri, May 23, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $216.89             $205.02

 Change =>                      -1.07               -1.29

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

Current Index Reflects the Equivalent of 143,517 head of cattle.

SUPPLY (Live)  84,650 Hd

Equivalent:                   $213.80             $201.13

DEMAND (Box)   58,867 Hd*

Equivalent:                   $219.98             $208.90

Live-Box Spread:              ($6.18)             ($7.77)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $231.98

                  Weight   Price     Head      : Se 600-900#          $220.90

  Live Steer:          1346   $144.89    37,641: Current Lds:           127.9

  Live Heifer:         1234   $144.82    18,071: Previous Lds:          165.9

  Drsd Steer:           881   $232.30    21,368

  Drsd Heifer:          817   $231.77     7,570

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

      Grading % Breakdown            :         Drop Credit      :       15.68

 Ch 600-900# :                 74.76%:         Steer Dressing % :      63.40%

 Ch 600-750# :                 24.85%:         Heifer Dressing %:      63.37%

 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 = 216.89                       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   $203.96   $217.85   $231.29   $227.23   $208.16

 Certified 1-3         5.20   $194.76   $208.65   $222.09   $218.03   $198.96

 Choice 1              3.46   $193.02   $206.91   $220.35   $216.29   $197.22

 Select 1             -8.69   $180.87   $194.76   $208.20   $204.14   $185.07

 Stndrd 1-3          -24.02   $165.54   $179.43   $192.87   $188.81   $169.74

 Prime 4               2.16   $191.72   $205.61   $219.05   $214.99   $195.92

 Choice 4            -10.93   $178.63   $192.52   $205.96   $201.90   $182.83

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

*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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