Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Fri, Jun 13, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $218.87             $209.30

 Change =>                       1.96                1.53

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

Current Index Reflects the Equivalent of 183,377 head of cattle.

SUPPLY (Live)  118,332 Hd

Equivalent:                   $217.86             $206.87

DEMAND (Box)   65,045 Hd*

Equivalent:                   $219.87             $211.72

Live-Box Spread:              ($2.01)             ($4.85)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $231.87

                  Weight   Price     Head      : Se 600-900#          $223.72

  Live Steer:          1360   $147.92    56,359: Current Lds:           172.7

  Live Heifer:         1233   $147.72    27,656: Previous Lds:          172.5

  Drsd Steer:           885   $234.05    22,780

  Drsd Heifer:          809   $232.94    11,537

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

      Grading % Breakdown            :         Drop Credit      :       15.43

 Ch 600-900# :                 74.69%:         Steer Dressing % :      63.22%

 Ch 600-750# :                 25.20%:         Heifer Dressing %:      63.23%

 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 = 218.87                       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   $206.09   $219.76   $233.59   $229.25   $209.92

 Certified 1-3         5.11   $196.48   $210.15   $223.98   $219.64   $200.31

 Choice 1              3.25   $194.62   $208.29   $222.12   $217.78   $198.45

 Select 1             -7.25   $184.12   $197.79   $211.62   $207.28   $187.95

 Stndrd 1-3          -23.71   $167.66   $181.33   $195.16   $190.82   $171.49

 Prime 4               2.42   $193.79   $207.46   $221.29   $216.95   $197.62

 Choice 4            -11.08   $180.29   $193.96   $207.79   $203.45   $184.12

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

*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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