Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Tue, Jul 01, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $231.38             $222.64

 Change =>                       0.44                0.30

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

Current Index Reflects the Equivalent of 134,462 head of cattle.

SUPPLY (Live)  85,780 Hd

Equivalent:                   $226.62             $217.79

DEMAND (Box)   48,682 Hd*

Equivalent:                   $236.13             $227.50

Live-Box Spread:              ($9.51)             ($9.71)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $248.13

                  Weight   Price     Head      : Se 600-900#          $239.50

  Live Steer:          1376   $154.22    31,760: Current Lds:           132.1

  Live Heifer:         1243   $154.31    16,305: Previous Lds:          120.8

  Drsd Steer:           891   $244.02    24,940

  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 %:      63.37%

 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 = 231.38                       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   $218.73   $232.40   $246.23   $241.89   $222.56

 Certified 1-3         5.22   $209.10   $222.77   $236.60   $232.26   $212.93

 Choice 1              3.25   $207.13   $220.80   $234.63   $230.29   $210.96

 Select 1             -5.08   $198.80   $212.47   $226.30   $221.96   $202.63

 Stndrd 1-3          -22.57   $181.31   $194.98   $208.81   $204.47   $185.14

 Prime 4               2.86   $206.74   $220.41   $234.24   $229.90   $210.57

 Choice 4            -10.77   $193.11   $206.78   $220.61   $216.27   $196.94

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

*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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