Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Thu, Jun 05, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $216.40             $206.14

 Change =>                      -0.45               -0.88

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

Current Index Reflects the Equivalent of 102,741 head of cattle.

SUPPLY (Live)  39,036 Hd

Equivalent:                   $213.80             $202.39

DEMAND (Box)   63,705 Hd*

Equivalent:                   $218.99             $209.89

Live-Box Spread:              ($5.19)             ($7.50)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $230.99

                  Weight   Price     Head      : Se 600-900#          $221.89

  Live Steer:          1342   $145.21    19,920: Current Lds:           205.0

  Live Heifer:         1228   $144.54     5,948: Previous Lds:          215.4

  Drsd Steer:           869   $230.88     9,615

  Drsd Heifer:          810   $231.49     3,553

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

      Grading % Breakdown            :         Drop Credit      :       15.73

 Ch 600-900# :                 73.78%:         Steer Dressing % :      63.23%

 Ch 600-750# :                 25.06%:         Heifer Dressing %:      63.23%

 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 = 216.40                       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   $203.89   $217.56   $231.39   $227.05   $207.72

 Certified 1-3         5.11   $194.01   $207.68   $221.51   $217.17   $197.84

 Choice 1              3.25   $192.15   $205.82   $219.65   $215.31   $195.98

 Select 1             -7.67   $181.23   $194.90   $208.73   $204.39   $185.06

 Stndrd 1-3          -24.14   $164.76   $178.43   $192.26   $187.92   $168.59

 Prime 4               2.77   $191.67   $205.34   $219.17   $214.83   $195.50

 Choice 4            -11.00   $177.90   $191.57   $205.40   $201.06   $181.73

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

*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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