Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Thu, Jun 12, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $216.91             $207.77

 Change =>                      -0.43                0.36

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

Current Index Reflects the Equivalent of 131,472 head of cattle.

SUPPLY (Live)  66,380 Hd

Equivalent:                   $214.93             $203.93

DEMAND (Box)   65,092 Hd*

Equivalent:                   $218.89             $211.60

Live-Box Spread:              ($3.96)             ($7.67)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $230.89

                  Weight   Price     Head      : Se 600-900#          $223.60

  Live Steer:          1364   $145.89    33,190: Current Lds:           172.5

  Live Heifer:         1225   $145.83    12,309: Previous Lds:          192.7

  Drsd Steer:           878   $232.07    13,135

  Drsd Heifer:          812   $231.63     7,746

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

      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 = 216.91                       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   $204.13   $217.80   $231.63   $227.29   $207.96

 Certified 1-3         5.11   $194.52   $208.19   $222.02   $217.68   $198.35

 Choice 1              3.25   $192.66   $206.33   $220.16   $215.82   $196.49

 Select 1             -7.25   $182.16   $195.83   $209.66   $205.32   $185.99

 Stndrd 1-3          -23.71   $165.70   $179.37   $193.20   $188.86   $169.53

 Prime 4               2.42   $191.83   $205.50   $219.33   $214.99   $195.66

 Choice 4            -11.08   $178.33   $192.00   $205.83   $201.49   $182.16

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

*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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