Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Mon, Jul 07, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $232.69             $224.92

 Change =>                       0.17                0.32

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

Current Index Reflects the Equivalent of 213,912 head of cattle.

SUPPLY (Live)  164,329 Hd

Equivalent:                   $229.20             $220.61

DEMAND (Box)   49,583 Hd*

Equivalent:                   $236.18             $229.23

Live-Box Spread:              ($6.98)             ($8.62)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $248.18

                  Weight   Price     Head      : Se 600-900#          $241.23

  Live Steer:          1381   $156.05    65,872: Current Lds:           116.3

  Live Heifer:         1248   $156.21    32,345: Previous Lds:          133.7

  Drsd Steer:           891   $246.54    45,106

  Drsd Heifer:          804   $246.75    21,006

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

      Grading % Breakdown            :         Drop Credit      :       15.59

 Ch 600-900# :                 75.16%:         Steer Dressing % :      63.42%

 Ch 600-750# :                 26.33%:         Heifer Dressing %:      63.41%

 Ch 750-900# :                 48.82%:         Processing Cost  :       12.00

 Se 600-900# :                 24.84%:         Slaughter Cost   :       50.50

 Se 600-750# :                  6.66%:

 Se 750-900# :                 18.18%:

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

 Equivalent Values for Outlying Beef Carcass Types

 Basis Value = 232.69                       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            14.92   $220.11   $233.78   $247.61   $243.27   $223.94

 Certified 1-3         5.44   $210.63   $224.30   $238.13   $233.79   $214.46

 Choice 1              3.25   $208.44   $222.11   $235.94   $231.60   $212.27

 Select 1             -4.83   $200.36   $214.03   $227.86   $223.52   $204.19

 Stndrd 1-3          -22.28   $182.91   $196.58   $210.41   $206.07   $186.74

 Prime 4               2.93   $208.12   $221.79   $235.62   $231.28   $211.95

 Choice 4            -10.77   $194.42   $208.09   $221.92   $217.58   $198.25

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

*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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