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Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Wed, Jun 18, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $223.70             $214.67

 Change =>                       1.34                1.36

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

Current Index Reflects the Equivalent of 139,486 head of cattle.

SUPPLY (Live)  78,772 Hd

Equivalent:                   $219.86             $209.29

DEMAND (Box)   60,714 Hd*

Equivalent:                   $227.54             $220.05

Live-Box Spread:              ($7.68)            ($10.76)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $239.54

                  Weight   Price     Head      : Se 600-900#          $232.05

  Live Steer:          1369   $149.44    39,806: Current Lds:           164.9

  Live Heifer:         1242   $149.27    19,188: Previous Lds:          168.8

  Drsd Steer:           892   $236.31    14,335

  Drsd Heifer:          821   $235.91     5,443

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

      Grading % Breakdown            :         Drop Credit      :       15.55

 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 = 223.70                       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   $210.99   $224.66   $238.49   $234.15   $214.82

 Certified 1-3         5.11   $201.31   $214.98   $228.81   $224.47   $205.14

 Choice 1              3.25   $199.45   $213.12   $226.95   $222.61   $203.28

 Select 1             -6.83   $189.37   $203.04   $216.87   $212.53   $193.20

 Stndrd 1-3          -23.49   $172.71   $186.38   $200.21   $195.87   $176.54

 Prime 4               2.80   $199.00   $212.67   $226.50   $222.16   $202.83

 Choice 4            -10.77   $185.43   $199.10   $212.93   $208.59   $189.26

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

*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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