Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Mon, Jun 02, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $216.86             $205.68

 Change =>                      -0.07               -0.21

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

Current Index Reflects the Equivalent of 176,608 head of cattle.

SUPPLY (Live)  113,399 Hd

Equivalent:                   $213.29             $201.88

DEMAND (Box)   63,209 Hd*

Equivalent:                   $220.43             $209.48

Live-Box Spread:              ($7.14)             ($7.60)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $232.43

                  Weight   Price     Head      : Se 600-900#          $221.48

  Live Steer:          1352   $144.33    55,438: Current Lds:           143.8

  Live Heifer:         1225   $143.90    27,320: Previous Lds:          134.7

  Drsd Steer:           876   $230.73    22,785

  Drsd Heifer:          801   $230.45     7,856

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

      Grading % Breakdown            :         Drop Credit      :       15.78

 Ch 600-900# :                 73.78%:         Steer Dressing % :      62.96%

 Ch 600-750# :                 25.06%:         Heifer Dressing %:      62.78%

 Ch 750-900# :                 48.73%:         Processing Cost  :       12.00

 Se 600-900# :                 26.22%:         Slaughter Cost   :       50.50

 Se 600-750# :                  6.28%:

 Se 750-900# :                 19.93%:

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

 Equivalent Values for Outlying Beef Carcass Types

 Basis Value = 216.86                       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            14.99   $204.35   $218.02   $231.85   $227.51   $208.18

 Certified 1-3         5.11   $194.47   $208.14   $221.97   $217.63   $198.30

 Choice 1              3.25   $192.61   $206.28   $220.11   $215.77   $196.44

 Select 1             -7.67   $181.69   $195.36   $209.19   $204.85   $185.52

 Stndrd 1-3          -24.14   $165.22   $178.89   $192.72   $188.38   $169.05

 Prime 4               2.77   $192.13   $205.80   $219.63   $215.29   $195.96

 Choice 4            -11.00   $178.36   $192.03   $205.86   $201.52   $182.19

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

*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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