Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Fri, May 30, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $216.93             $205.89

 Change =>                      -0.55               -0.99

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

Current Index Reflects the Equivalent of 218,803 head of cattle.

SUPPLY (Live)  156,788 Hd

Equivalent:                   $213.19             $201.87

DEMAND (Box)   62,015 Hd*

Equivalent:                   $220.66             $209.90

Live-Box Spread:              ($7.47)             ($8.03)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $232.66

                  Weight   Price     Head      : Se 600-900#          $221.90

  Live Steer:          1351   $144.22    70,933: Current Lds:           134.7

  Live Heifer:         1228   $143.99    37,686: Previous Lds:          216.4

  Drsd Steer:           876   $231.17    36,008

  Drsd Heifer:          808   $230.80    12,161

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

      Grading % Breakdown            :         Drop Credit      :       15.69

 Ch 600-900# :                 74.23%:         Steer Dressing % :      63.13%

 Ch 600-750# :                 24.94%:         Heifer Dressing %:      62.98%

 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 = 216.93                       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   $204.35   $218.02   $231.85   $227.51   $208.18

 Certified 1-3         4.85   $194.28   $207.95   $221.78   $217.44   $198.11

 Choice 1              3.25   $192.68   $206.35   $220.18   $215.84   $196.51

 Select 1             -7.58   $181.85   $195.52   $209.35   $205.01   $185.68

 Stndrd 1-3          -24.07   $165.36   $179.03   $192.86   $188.52   $169.19

 Prime 4               2.70   $192.13   $205.80   $219.63   $215.29   $195.96

 Choice 4            -11.00   $178.43   $192.10   $205.93   $201.59   $182.26

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

*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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