Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Tue, Jun 10, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $217.61             $207.03

 Change =>                       0.20                0.24

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

Current Index Reflects the Equivalent of 135,986 head of cattle.

SUPPLY (Live)  66,750 Hd

Equivalent:                   $214.70             $203.71

DEMAND (Box)   69,236 Hd*

Equivalent:                   $220.51             $210.35

Live-Box Spread:              ($5.81)             ($6.64)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $232.51

                  Weight   Price     Head      : Se 600-900#          $222.35

  Live Steer:          1363   $145.85    33,309: Current Lds:           185.5

  Live Heifer:         1226   $145.76    12,333: Previous Lds:          143.9

  Drsd Steer:           879   $232.04    13,248

  Drsd Heifer:          811   $231.63     7,860

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

      Grading % Breakdown            :         Drop Credit      :       15.80

 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 = 217.61                       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   $204.83   $218.50   $232.33   $227.99   $208.66

 Certified 1-3         5.11   $195.22   $208.89   $222.72   $218.38   $199.05

 Choice 1              3.25   $193.36   $207.03   $220.86   $216.52   $197.19

 Select 1             -7.25   $182.86   $196.53   $210.36   $206.02   $186.69

 Stndrd 1-3          -23.71   $166.40   $180.07   $193.90   $189.56   $170.23

 Prime 4               2.42   $192.53   $206.20   $220.03   $215.69   $196.36

 Choice 4            -11.08   $179.03   $192.70   $206.53   $202.19   $182.86

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

*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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