Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Fri, Jun 06, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $216.47             $205.74

 Change =>                       0.07               -0.40

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

Current Index Reflects the Equivalent of 89,361 head of cattle.

SUPPLY (Live)  22,760 Hd

Equivalent:                   $214.08             $202.67

DEMAND (Box)   66,601 Hd*

Equivalent:                   $218.86             $208.81

Live-Box Spread:              ($4.78)             ($6.14)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $230.86

                  Weight   Price     Head      : Se 600-900#          $220.81

  Live Steer:          1370   $145.32    18,431: Current Lds:           173.3

  Live Heifer:         1260   $145.32     1,990: Previous Lds:          205.0

  Drsd Steer:           868   $232.29     2,143

  Drsd Heifer:          766   $231.00       196

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

      Grading % Breakdown            :         Drop Credit      :       15.67

 Ch 600-900# :                 73.78%:         Steer Dressing % :      63.16%

 Ch 600-750# :                 25.06%:         Heifer Dressing %:      63.08%

 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 = 216.47                       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   $203.96   $217.63   $231.46   $227.12   $207.79

 Certified 1-3         5.11   $194.08   $207.75   $221.58   $217.24   $197.91

 Choice 1              3.25   $192.22   $205.89   $219.72   $215.38   $196.05

 Select 1             -7.67   $181.30   $194.97   $208.80   $204.46   $185.13

 Stndrd 1-3          -24.14   $164.83   $178.50   $192.33   $187.99   $168.66

 Prime 4               2.77   $191.74   $205.41   $219.24   $214.90   $195.57

 Choice 4            -11.00   $177.97   $191.64   $205.47   $201.13   $181.80

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

*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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