Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Wed, May 28, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $217.69             $206.95

 Change =>                       0.50                0.65

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

Current Index Reflects the Equivalent of 148,354 head of cattle.

SUPPLY (Live)  84,651 Hd

Equivalent:                   $213.07             $201.75

DEMAND (Box)   63,703 Hd*

Equivalent:                   $222.31             $212.15

Live-Box Spread:              ($9.24)            ($10.40)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $234.31

                  Weight   Price     Head      : Se 600-900#          $224.15

  Live Steer:          1356   $144.38    39,988: Current Lds:           212.9

  Live Heifer:         1240   $144.24    17,571: Previous Lds:          135.0

  Drsd Steer:           879   $232.18    20,935

  Drsd Heifer:          817   $231.57     6,157

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

      Grading % Breakdown            :         Drop Credit      :       15.70

 Ch 600-900# :                 74.23%:         Steer Dressing % :      63.37%

 Ch 600-750# :                 24.94%:         Heifer Dressing %:      63.34%

 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 = 217.69                       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   $205.11   $218.78   $232.61   $228.27   $208.94

 Certified 1-3         4.85   $195.04   $208.71   $222.54   $218.20   $198.87

 Choice 1              3.25   $193.44   $207.11   $220.94   $216.60   $197.27

 Select 1             -7.58   $182.61   $196.28   $210.11   $205.77   $186.44

 Stndrd 1-3          -24.07   $166.12   $179.79   $193.62   $189.28   $169.95

 Prime 4               2.70   $192.89   $206.56   $220.39   $216.05   $196.72

 Choice 4            -11.00   $179.19   $192.86   $206.69   $202.35   $183.02

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

*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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