Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Wed, Jul 02, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $231.22             $223.03

 Change =>                      -0.16                0.39

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

Current Index Reflects the Equivalent of 133,225 head of cattle.

SUPPLY (Live)  85,679 Hd

Equivalent:                   $226.78             $217.95

DEMAND (Box)   47,546 Hd*

Equivalent:                   $235.66             $228.12

Live-Box Spread:              ($8.88)            ($10.17)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $247.66

                  Weight   Price     Head      : Se 600-900#          $240.12

  Live Steer:          1376   $154.24    31,617: Current Lds:           158.1

  Live Heifer:         1243   $154.31    16,347: Previous Lds:          132.1

  Drsd Steer:           891   $244.02    24,940

  Drsd Heifer:          804   $243.34    12,775

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

      Grading % Breakdown            :         Drop Credit      :       15.50

 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 = 231.22                       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   $218.57   $232.24   $246.07   $241.73   $222.40

 Certified 1-3         5.22   $208.94   $222.61   $236.44   $232.10   $212.77

 Choice 1              3.25   $206.97   $220.64   $234.47   $230.13   $210.80

 Select 1             -5.08   $198.64   $212.31   $226.14   $221.80   $202.47

 Stndrd 1-3          -22.57   $181.15   $194.82   $208.65   $204.31   $184.98

 Prime 4               2.86   $206.58   $220.25   $234.08   $229.74   $210.41

 Choice 4            -10.77   $192.95   $206.62   $220.45   $216.11   $196.78

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

*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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