Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Wed, Jun 04, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $216.85             $207.02

 Change =>                      -0.20                0.08

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

Current Index Reflects the Equivalent of 163,071 head of cattle.

SUPPLY (Live)  98,514 Hd

Equivalent:                   $213.60             $202.19

DEMAND (Box)   64,557 Hd*

Equivalent:                   $220.11             $211.86

Live-Box Spread:              ($6.51)             ($9.67)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $232.11

                  Weight   Price     Head      : Se 600-900#          $223.86

  Live Steer:          1346   $144.58    46,758: Current Lds:           215.4

  Live Heifer:         1222   $144.02    23,346: Previous Lds:          150.4

  Drsd Steer:           874   $230.61    20,856

  Drsd Heifer:          800   $230.47     7,554

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

      Grading % Breakdown            :         Drop Credit      :       15.80

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

 Ch 600-750# :                 25.06%:         Heifer Dressing %:      62.73%

 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 = 216.85                       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   $204.34   $218.01   $231.84   $227.50   $208.17

 Certified 1-3         5.11   $194.46   $208.13   $221.96   $217.62   $198.29

 Choice 1              3.25   $192.60   $206.27   $220.10   $215.76   $196.43

 Select 1             -7.67   $181.68   $195.35   $209.18   $204.84   $185.51

 Stndrd 1-3          -24.14   $165.21   $178.88   $192.71   $188.37   $169.04

 Prime 4               2.77   $192.12   $205.79   $219.62   $215.28   $195.95

 Choice 4            -11.00   $178.35   $192.02   $205.85   $201.51   $182.18

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

*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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