Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Fri, Jun 27, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $226.98             $218.16

 Change =>                       0.39                0.01

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

Current Index Reflects the Equivalent of 65,009 head of cattle.

SUPPLY (Live)  16,269 Hd

Equivalent:                   $219.98             $210.56

DEMAND (Box)   48,740 Hd*

Equivalent:                   $233.98             $225.75

Live-Box Spread:             ($14.00)            ($15.19)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $245.98

                  Weight   Price     Head      : Se 600-900#          $237.75

  Live Steer:          1401   $149.83     7,995: Current Lds:           117.9

  Live Heifer:         1278   $149.24     4,044: Previous Lds:          105.0

  Drsd Steer:           866   $239.44     1,765

  Drsd Heifer:          799   $234.38     2,465

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

      Grading % Breakdown            :         Drop Credit      :       15.45

 Ch 600-900# :                 75.00%:         Steer Dressing % :      63.15%

 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 = 226.98                       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   $214.33   $228.00   $241.83   $237.49   $218.16

 Certified 1-3         5.11   $204.59   $218.26   $232.09   $227.75   $208.42

 Choice 1              3.25   $202.73   $216.40   $230.23   $225.89   $206.56

 Select 1             -5.67   $193.81   $207.48   $221.31   $216.97   $197.64

 Stndrd 1-3          -22.85   $176.63   $190.30   $204.13   $199.79   $180.46

 Prime 4               2.86   $202.34   $216.01   $229.84   $225.50   $206.17

 Choice 4            -10.77   $188.71   $202.38   $216.21   $211.87   $192.54

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

*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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