Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Mon, Jun 16, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $221.12             $211.77

 Change =>                       2.25                2.47

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

Current Index Reflects the Equivalent of 142,039 head of cattle.

SUPPLY (Live)  77,987 Hd

Equivalent:                   $220.00             $209.43

DEMAND (Box)   64,052 Hd*

Equivalent:                   $222.24             $214.11

Live-Box Spread:              ($2.24)             ($4.68)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $234.24

                  Weight   Price     Head      : Se 600-900#          $226.11

  Live Steer:          1369   $149.43    39,397: Current Lds:           130.7

  Live Heifer:         1242   $149.27    19,188: Previous Lds:          172.7

  Drsd Steer:           892   $236.28    13,915

  Drsd Heifer:          821   $235.86     5,487

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

      Grading % Breakdown            :         Drop Credit      :       15.45

 Ch 600-900# :                 74.64%:         Steer Dressing % :      63.28%

 Ch 600-750# :                 24.27%:         Heifer Dressing %:      63.21%

 Ch 750-900# :                 50.37%:         Processing Cost  :       12.00

 Se 600-900# :                 25.36%:         Slaughter Cost   :       50.50

 Se 600-750# :                  5.99%:

 Se 750-900# :                 19.37%:

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

 Equivalent Values for Outlying Beef Carcass Types

 Basis Value = 221.12                       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            14.79   $208.41   $222.08   $235.91   $231.57   $212.24

 Certified 1-3         5.11   $198.73   $212.40   $226.23   $221.89   $202.56

 Choice 1              3.25   $196.87   $210.54   $224.37   $220.03   $200.70

 Select 1             -6.83   $186.79   $200.46   $214.29   $209.95   $190.62

 Stndrd 1-3          -23.49   $170.13   $183.80   $197.63   $193.29   $173.96

 Prime 4               2.80   $196.42   $210.09   $223.92   $219.58   $200.25

 Choice 4            -10.77   $182.85   $196.52   $210.35   $206.01   $186.68

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

*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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