Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Tue, Jun 03, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $217.05             $206.94

 Change =>                       0.19                1.26

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

Current Index Reflects the Equivalent of 167,801 head of cattle.

SUPPLY (Live)  103,434 Hd

Equivalent:                   $213.45             $202.04

DEMAND (Box)   64,367 Hd*

Equivalent:                   $220.66             $211.85

Live-Box Spread:              ($7.21)             ($9.81)

----------------------------  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#          $223.85

  Live Steer:          1350   $144.45    50,540: Current Lds:           150.4

  Live Heifer:         1223   $143.99    24,376: Previous Lds:          143.8

  Drsd Steer:           874   $230.62    20,964

  Drsd Heifer:          800   $230.47     7,554

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

      Grading % Breakdown            :         Drop Credit      :       15.81

 Ch 600-900# :                 73.78%:         Steer Dressing % :      62.93%

 Ch 600-750# :                 25.06%:         Heifer Dressing %:      62.74%

 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 = 217.05                       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   $204.54   $218.21   $232.04   $227.70   $208.37

 Certified 1-3         5.11   $194.66   $208.33   $222.16   $217.82   $198.49

 Choice 1              3.25   $192.80   $206.47   $220.30   $215.96   $196.63

 Select 1             -7.67   $181.88   $195.55   $209.38   $205.04   $185.71

 Stndrd 1-3          -24.14   $165.41   $179.08   $192.91   $188.57   $169.24

 Prime 4               2.77   $192.32   $205.99   $219.82   $215.48   $196.15

 Choice 4            -11.00   $178.55   $192.22   $206.05   $201.71   $182.38

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

*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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