Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Wed, Jul 09, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $235.12             $226.67

 Change =>                       0.33               -0.15

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

Current Index Reflects the Equivalent of 136,648 head of cattle.

SUPPLY (Live)  83,482 Hd

Equivalent:                   $231.67             $223.08

DEMAND (Box)   53,166 Hd*

Equivalent:                   $238.57             $230.26

Live-Box Spread:              ($6.90)             ($7.18)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $250.57

                  Weight   Price     Head      : Se 600-900#          $242.26

  Live Steer:          1384   $157.59    36,626: Current Lds:           160.6

  Live Heifer:         1254   $158.02    16,449: Previous Lds:          140.1

  Drsd Steer:           892   $249.35    21,214

  Drsd Heifer:          803   $249.86     9,193

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

      Grading % Breakdown            :         Drop Credit      :       15.64

 Ch 600-900# :                 75.16%:         Steer Dressing % :      63.45%

 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 = 235.12                       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   $222.54   $236.21   $250.04   $245.70   $226.37

 Certified 1-3         5.44   $213.06   $226.73   $240.56   $236.22   $216.89

 Choice 1              3.25   $210.87   $224.54   $238.37   $234.03   $214.70

 Select 1             -4.83   $202.79   $216.46   $230.29   $225.95   $206.62

 Stndrd 1-3          -22.28   $185.34   $199.01   $212.84   $208.50   $189.17

 Prime 4               2.93   $210.55   $224.22   $238.05   $233.71   $214.38

 Choice 4            -10.77   $196.85   $210.52   $224.35   $220.01   $200.68

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

*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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