Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Tue, Jul 08, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $234.79             $226.82

 Change =>                       2.10                1.90

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

Current Index Reflects the Equivalent of 134,243 head of cattle.

SUPPLY (Live)  83,213 Hd

Equivalent:                   $231.60             $223.01

DEMAND (Box)   51,030 Hd*

Equivalent:                   $237.98             $230.62

Live-Box Spread:              ($6.38)             ($7.61)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $249.98

                  Weight   Price     Head      : Se 600-900#          $242.62

  Live Steer:          1384   $157.50    35,961: Current Lds:           140.1

  Live Heifer:         1253   $157.88    16,945: Previous Lds:          116.3

  Drsd Steer:           891   $249.33    21,114

  Drsd Heifer:          803   $249.86     9,193

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

      Grading % Breakdown            :         Drop Credit      :       15.62

 Ch 600-900# :                 75.16%:         Steer Dressing % :      63.46%

 Ch 600-750# :                 26.33%:         Heifer Dressing %:      63.45%

 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 = 234.79                       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   $222.21   $235.88   $249.71   $245.37   $226.04

 Certified 1-3         5.44   $212.73   $226.40   $240.23   $235.89   $216.56

 Choice 1              3.25   $210.54   $224.21   $238.04   $233.70   $214.37

 Select 1             -4.83   $202.46   $216.13   $229.96   $225.62   $206.29

 Stndrd 1-3          -22.28   $185.01   $198.68   $212.51   $208.17   $188.84

 Prime 4               2.93   $210.22   $223.89   $237.72   $233.38   $214.05

 Choice 4            -10.77   $196.52   $210.19   $224.02   $219.68   $200.35

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

*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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