Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Mon, Jun 23, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $225.10             $217.68

 Change =>                       0.68                2.30

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

Current Index Reflects the Equivalent of 134,933 head of cattle.

SUPPLY (Live)  79,749 Hd

Equivalent:                   $219.44             $210.02

DEMAND (Box)   55,184 Hd*

Equivalent:                   $230.77             $225.35

Live-Box Spread:             ($11.33)            ($15.33)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $242.77

                  Weight   Price     Head      : Se 600-900#          $237.35

  Live Steer:          1376   $149.14    38,632: Current Lds:           142.7

  Live Heifer:         1240   $149.44    14,519: Previous Lds:          122.6

  Drsd Steer:           892   $236.87    17,916

  Drsd Heifer:          817   $236.57     8,682

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

      Grading % Breakdown            :         Drop Credit      :       15.48

 Ch 600-900# :                 75.00%:         Steer Dressing % :      63.24%

 Ch 600-750# :                 24.96%:         Heifer Dressing %:      63.33%

 Ch 750-900# :                 50.04%:         Processing Cost  :       12.00

 Se 600-900# :                 25.00%:         Slaughter Cost   :       50.50

 Se 600-750# :                  6.32%:

 Se 750-900# :                 18.68%:

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

 Equivalent Values for Outlying Beef Carcass Types

 Basis Value = 225.10                       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            14.85   $212.45   $226.12   $239.95   $235.61   $216.28

 Certified 1-3         5.11   $202.71   $216.38   $230.21   $225.87   $206.54

 Choice 1              3.25   $200.85   $214.52   $228.35   $224.01   $204.68

 Select 1             -5.67   $191.93   $205.60   $219.43   $215.09   $195.76

 Stndrd 1-3          -22.85   $174.75   $188.42   $202.25   $197.91   $178.58

 Prime 4               2.86   $200.46   $214.13   $227.96   $223.62   $204.29

 Choice 4            -10.77   $186.83   $200.50   $214.33   $209.99   $190.66

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

*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

No comments

Add new comment

(If you're a human, don't change the following field)
Your first name.
(If you're a human, don't change the following field)
Your first name.
(If you're a human, don't change the following field)
Your first name.

Plain text

  • No HTML tags allowed.
  • Lines and paragraphs break automatically.

Welcome

to our redesigned homepage!

Scroll Down for more stories