Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Mon, Jun 30, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $230.94             $222.34

 Change =>                       3.96                4.18

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

Current Index Reflects the Equivalent of 132,052 head of cattle.

SUPPLY (Live)  84,952 Hd

Equivalent:                   $226.60             $217.77

DEMAND (Box)   47,100 Hd*

Equivalent:                   $235.28             $226.91

Live-Box Spread:              ($8.68)             ($9.14)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $247.28

                  Weight   Price     Head      : Se 600-900#          $238.91

  Live Steer:          1376   $154.18    31,550: Current Lds:           120.8

  Live Heifer:         1244   $154.32    15,715: Previous Lds:          117.9

  Drsd Steer:           891   $244.02    24,912

  Drsd Heifer:          804   $243.34    12,775

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

      Grading % Breakdown            :         Drop Credit      :       15.59

 Ch 600-900# :                 74.95%:         Steer Dressing % :      63.37%

 Ch 600-750# :                 25.83%:         Heifer Dressing %:      63.38%

 Ch 750-900# :                 49.12%:         Processing Cost  :       12.00

 Se 600-900# :                 25.05%:         Slaughter Cost   :       50.50

 Se 600-750# :                  6.04%:

 Se 750-900# :                 19.01%:

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

 Equivalent Values for Outlying Beef Carcass Types

 Basis Value = 230.94                       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   $218.29   $231.96   $245.79   $241.45   $222.12

 Certified 1-3         5.22   $208.66   $222.33   $236.16   $231.82   $212.49

 Choice 1              3.25   $206.69   $220.36   $234.19   $229.85   $210.52

 Select 1             -5.08   $198.36   $212.03   $225.86   $221.52   $202.19

 Stndrd 1-3          -22.57   $180.87   $194.54   $208.37   $204.03   $184.70

 Prime 4               2.86   $206.30   $219.97   $233.80   $229.46   $210.13

 Choice 4            -10.77   $192.67   $206.34   $220.17   $215.83   $196.50

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

*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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