Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Mon, Jun 09, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $217.41             $206.79

 Change =>                       0.94                1.05

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

Current Index Reflects the Equivalent of 133,266 head of cattle.

SUPPLY (Live)  66,658 Hd

Equivalent:                   $214.89             $203.90

DEMAND (Box)   66,608 Hd*

Equivalent:                   $219.93             $209.69

Live-Box Spread:              ($5.04)             ($5.79)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $231.93

                  Weight   Price     Head      : Se 600-900#          $221.69

  Live Steer:          1362   $145.84    33,138: Current Lds:           143.9

  Live Heifer:         1226   $145.75    12,373: Previous Lds:          173.3

  Drsd Steer:           879   $232.03    13,287

  Drsd Heifer:          811   $231.63     7,860

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

      Grading % Breakdown            :         Drop Credit      :       15.68

 Ch 600-900# :                 74.69%:         Steer Dressing % :      63.11%

 Ch 600-750# :                 25.20%:         Heifer Dressing %:      63.19%

 Ch 750-900# :                 49.49%:         Processing Cost  :       12.00

 Se 600-900# :                 25.31%:         Slaughter Cost   :       50.50

 Se 600-750# :                  5.92%:

 Se 750-900# :                 19.39%:

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

 Equivalent Values for Outlying Beef Carcass Types

 Basis Value = 217.41                       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            14.72   $204.63   $218.30   $232.13   $227.79   $208.46

 Certified 1-3         5.11   $195.02   $208.69   $222.52   $218.18   $198.85

 Choice 1              3.25   $193.16   $206.83   $220.66   $216.32   $196.99

 Select 1             -7.25   $182.66   $196.33   $210.16   $205.82   $186.49

 Stndrd 1-3          -23.71   $166.20   $179.87   $193.70   $189.36   $170.03

 Prime 4               2.42   $192.33   $206.00   $219.83   $215.49   $196.16

 Choice 4            -11.08   $178.83   $192.50   $206.33   $201.99   $182.66

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

*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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