Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Wed, Jun 11, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $217.34             $207.41

 Change =>                      -0.27                0.38

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

Current Index Reflects the Equivalent of 134,202 head of cattle.

SUPPLY (Live)  66,672 Hd

Equivalent:                   $214.85             $203.86

DEMAND (Box)   67,530 Hd*

Equivalent:                   $219.82             $210.95

Live-Box Spread:              ($4.97)             ($7.09)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $231.82

                  Weight   Price     Head      : Se 600-900#          $222.95

  Live Steer:          1363   $145.84    33,113: Current Lds:           192.7

  Live Heifer:         1226   $145.76    12,333: Previous Lds:          185.5

  Drsd Steer:           878   $232.06    13,322

  Drsd Heifer:          811   $231.62     7,904

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

      Grading % Breakdown            :         Drop Credit      :       15.70

 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 = 217.34                       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   $204.56   $218.23   $232.06   $227.72   $208.39

 Certified 1-3         5.11   $194.95   $208.62   $222.45   $218.11   $198.78

 Choice 1              3.25   $193.09   $206.76   $220.59   $216.25   $196.92

 Select 1             -7.25   $182.59   $196.26   $210.09   $205.75   $186.42

 Stndrd 1-3          -23.71   $166.13   $179.80   $193.63   $189.29   $169.96

 Prime 4               2.42   $192.26   $205.93   $219.76   $215.42   $196.09

 Choice 4            -11.08   $178.76   $192.43   $206.26   $201.92   $182.59

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

*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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