Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Thu, Jul 03, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $232.52             $224.60

 Change =>                       1.30                1.57

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

Current Index Reflects the Equivalent of 201,320 head of cattle.

SUPPLY (Live)  151,620 Hd

Equivalent:                   $228.92             $220.08

DEMAND (Box)   49,700 Hd*

Equivalent:                   $236.12             $229.12

Live-Box Spread:              ($7.20)             ($9.04)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $248.12

                  Weight   Price     Head      : Se 600-900#          $241.12

  Live Steer:          1380   $155.66    58,554: Current Lds:           133.7

  Live Heifer:         1245   $155.79    28,520: Previous Lds:          158.1

  Drsd Steer:           890   $246.27    43,196

  Drsd Heifer:          803   $245.97    21,350

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

      Grading % Breakdown            :         Drop Credit      :       15.55

 Ch 600-900# :                 74.95%:         Steer Dressing % :      63.41%

 Ch 600-750# :                 25.83%:         Heifer Dressing %:      63.41%

 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 = 232.52                       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   $219.87   $233.54   $247.37   $243.03   $223.70

 Certified 1-3         5.22   $210.24   $223.91   $237.74   $233.40   $214.07

 Choice 1              3.25   $208.27   $221.94   $235.77   $231.43   $212.10

 Select 1             -5.08   $199.94   $213.61   $227.44   $223.10   $203.77

 Stndrd 1-3          -22.57   $182.45   $196.12   $209.95   $205.61   $186.28

 Prime 4               2.86   $207.88   $221.55   $235.38   $231.04   $211.71

 Choice 4            -10.77   $194.25   $207.92   $221.75   $217.41   $198.08

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

*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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