Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Wed, Jun 25, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $225.91             $218.02

 Change =>                       0.31               -0.21

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

Current Index Reflects the Equivalent of 130,773 head of cattle.

SUPPLY (Live)  79,293 Hd

Equivalent:                   $219.29             $209.88

DEMAND (Box)   51,480 Hd*

Equivalent:                   $232.52             $226.17

Live-Box Spread:             ($13.23)            ($16.29)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $244.52

                  Weight   Price     Head      : Se 600-900#          $238.17

  Live Steer:          1375   $149.16    38,628: Current Lds:           173.2

  Live Heifer:         1240   $149.44    14,519: Previous Lds:          111.1

  Drsd Steer:           892   $236.87    17,464

  Drsd Heifer:          817   $236.57     8,682

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

      Grading % Breakdown            :         Drop Credit      :       15.58

 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 = 225.91                       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   $213.26   $226.93   $240.76   $236.42   $217.09

 Certified 1-3         5.11   $203.52   $217.19   $231.02   $226.68   $207.35

 Choice 1              3.25   $201.66   $215.33   $229.16   $224.82   $205.49

 Select 1             -5.67   $192.74   $206.41   $220.24   $215.90   $196.57

 Stndrd 1-3          -22.85   $175.56   $189.23   $203.06   $198.72   $179.39

 Prime 4               2.86   $201.27   $214.94   $228.77   $224.43   $205.10

 Choice 4            -10.77   $187.64   $201.31   $215.14   $210.80   $191.47

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

*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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