Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Tue, May 27, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $217.19             $206.30

 Change =>                       0.30                1.28

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

Current Index Reflects the Equivalent of 139,416 head of cattle.

SUPPLY (Live)  79,615 Hd

Equivalent:                   $213.27             $201.95

DEMAND (Box)   59,801 Hd*

Equivalent:                   $221.12             $210.65

Live-Box Spread:              ($7.85)             ($8.70)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $233.12

                  Weight   Price     Head      : Se 600-900#          $222.65

  Live Steer:          1351   $144.53    36,048: Current Lds:           135.0

  Live Heifer:         1240   $144.32    16,583: Previous Lds:          127.9

  Drsd Steer:           879   $232.18    20,827

  Drsd Heifer:          817   $231.57     6,157

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

      Grading % Breakdown            :         Drop Credit      :       15.68

 Ch 600-900# :                 74.23%:         Steer Dressing % :      63.41%

 Ch 600-750# :                 24.94%:         Heifer Dressing %:      63.36%

 Ch 750-900# :                 49.29%:         Processing Cost  :       12.00

 Se 600-900# :                 25.77%:         Slaughter Cost   :       50.50

 Se 600-750# :                  6.04%:

 Se 750-900# :                 19.73%:

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

 Equivalent Values for Outlying Beef Carcass Types

 Basis Value = 217.19                       Carcass Weights

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

 Qlty/Yield      (1)           -27.50    -13.83               -4.34    -23.67

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

 Prime 1-3            14.92   $204.61   $218.28   $232.11   $227.77   $208.44

 Certified 1-3         4.85   $194.54   $208.21   $222.04   $217.70   $198.37

 Choice 1              3.25   $192.94   $206.61   $220.44   $216.10   $196.77

 Select 1             -7.58   $182.11   $195.78   $209.61   $205.27   $185.94

 Stndrd 1-3          -24.07   $165.62   $179.29   $193.12   $188.78   $169.45

 Prime 4               2.70   $192.39   $206.06   $219.89   $215.55   $196.22

 Choice 4            -11.00   $178.69   $192.36   $206.19   $201.85   $182.52

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

*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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