Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Tue, Jun 24, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $225.60             $218.23

 Change =>                       0.50                0.55

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

Current Index Reflects the Equivalent of 130,331 head of cattle.

SUPPLY (Live)  79,477 Hd

Equivalent:                   $219.53             $210.11

DEMAND (Box)   50,854 Hd*

Equivalent:                   $231.66             $226.34

Live-Box Spread:             ($12.13)            ($16.23)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $243.66

                  Weight   Price     Head      : Se 600-900#          $238.34

  Live Steer:          1376   $149.16    38,812: Current Lds:           111.1

  Live Heifer:         1240   $149.44    14,519: Previous Lds:          142.7

  Drsd Steer:           892   $236.87    17,464

  Drsd Heifer:          817   $236.57     8,682

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

      Grading % Breakdown            :         Drop Credit      :       15.43

 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 = 225.60                       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   $212.95   $226.62   $240.45   $236.11   $216.78

 Certified 1-3         5.11   $203.21   $216.88   $230.71   $226.37   $207.04

 Choice 1              3.25   $201.35   $215.02   $228.85   $224.51   $205.18

 Select 1             -5.67   $192.43   $206.10   $219.93   $215.59   $196.26

 Stndrd 1-3          -22.85   $175.25   $188.92   $202.75   $198.41   $179.08

 Prime 4               2.86   $200.96   $214.63   $228.46   $224.12   $204.79

 Choice 4            -10.77   $187.33   $201.00   $214.83   $210.49   $191.16

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

*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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