Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Thu, May 29, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $217.48             $206.88

 Change =>                      -0.21               -0.07

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

Current Index Reflects the Equivalent of 209,405 head of cattle.

SUPPLY (Live)  145,050 Hd

Equivalent:                   $213.31             $201.99

DEMAND (Box)   64,355 Hd*

Equivalent:                   $221.65             $211.77

Live-Box Spread:              ($8.34)             ($9.78)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $233.65

                  Weight   Price     Head      : Se 600-900#          $223.77

  Live Steer:          1353   $144.26    67,108: Current Lds:           216.4

  Live Heifer:         1230   $144.06    35,343: Previous Lds:          212.9

  Drsd Steer:           879   $231.57    32,283

  Drsd Heifer:          806   $230.78    10,316

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

      Grading % Breakdown            :         Drop Credit      :       15.71

 Ch 600-900# :                 74.23%:         Steer Dressing % :      63.11%

 Ch 600-750# :                 24.94%:         Heifer Dressing %:      62.95%

 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 = 217.48                       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   $204.90   $218.57   $232.40   $228.06   $208.73

 Certified 1-3         4.85   $194.83   $208.50   $222.33   $217.99   $198.66

 Choice 1              3.25   $193.23   $206.90   $220.73   $216.39   $197.06

 Select 1             -7.58   $182.40   $196.07   $209.90   $205.56   $186.23

 Stndrd 1-3          -24.07   $165.91   $179.58   $193.41   $189.07   $169.74

 Prime 4               2.70   $192.68   $206.35   $220.18   $215.84   $196.51

 Choice 4            -11.00   $178.98   $192.65   $206.48   $202.14   $182.81

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

*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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