Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Fri, Jun 20, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $224.42             $215.38

 Change =>                       0.45                0.38

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

Current Index Reflects the Equivalent of 136,613 head of cattle.

SUPPLY (Live)  82,329 Hd

Equivalent:                   $219.95             $209.38

DEMAND (Box)   54,284 Hd*

Equivalent:                   $228.89             $221.37

Live-Box Spread:              ($8.94)            ($11.99)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $240.89

                  Weight   Price     Head      : Se 600-900#          $233.37

  Live Steer:          1371   $149.24    39,371: Current Lds:           122.6

  Live Heifer:         1236   $149.62    13,988: Previous Lds:          136.9

  Drsd Steer:           893   $236.77    20,139

  Drsd Heifer:          827   $236.60     8,831

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

      Grading % Breakdown            :         Drop Credit      :       15.56

 Ch 600-900# :                 74.64%:         Steer Dressing % :      63.24%

 Ch 600-750# :                 24.27%:         Heifer Dressing %:      63.27%

 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 = 224.42                       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   $211.71   $225.38   $239.21   $234.87   $215.54

 Certified 1-3         5.11   $202.03   $215.70   $229.53   $225.19   $205.86

 Choice 1              3.25   $200.17   $213.84   $227.67   $223.33   $204.00

 Select 1             -6.83   $190.09   $203.76   $217.59   $213.25   $193.92

 Stndrd 1-3          -23.49   $173.43   $187.10   $200.93   $196.59   $177.26

 Prime 4               2.80   $199.72   $213.39   $227.22   $222.88   $203.55

 Choice 4            -10.77   $186.15   $199.82   $213.65   $209.31   $189.98

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

*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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