Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Thu, Jun 26, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $226.59             $218.15

 Change =>                       0.68                0.13

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

Current Index Reflects the Equivalent of 104,136 head of cattle.

SUPPLY (Live)  55,045 Hd

Equivalent:                   $220.16             $210.74

DEMAND (Box)   49,091 Hd*

Equivalent:                   $233.01             $225.56

Live-Box Spread:             ($12.85)            ($14.82)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $245.01

                  Weight   Price     Head      : Se 600-900#          $237.56

  Live Steer:          1365   $149.67    26,200: Current Lds:           105.0

  Live Heifer:         1238   $149.64    13,058: Previous Lds:          173.2

  Drsd Steer:           888   $237.66    10,127

  Drsd Heifer:          807   $237.25     5,660

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

      Grading % Breakdown            :         Drop Credit      :       15.46

 Ch 600-900# :                 75.00%:         Steer Dressing % :      63.28%

 Ch 600-750# :                 24.96%:         Heifer Dressing %:      63.30%

 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 = 226.59                       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   $213.94   $227.61   $241.44   $237.10   $217.77

 Certified 1-3         5.11   $204.20   $217.87   $231.70   $227.36   $208.03

 Choice 1              3.25   $202.34   $216.01   $229.84   $225.50   $206.17

 Select 1             -5.67   $193.42   $207.09   $220.92   $216.58   $197.25

 Stndrd 1-3          -22.85   $176.24   $189.91   $203.74   $199.40   $180.07

 Prime 4               2.86   $201.95   $215.62   $229.45   $225.11   $205.78

 Choice 4            -10.77   $188.32   $201.99   $215.82   $211.48   $192.15

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

*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