Advice and Tips

Beef Carcass Price Equivalent

NW_LS410 ** Corrected report***

Des Moines, IA     Fri, Jul 11, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $234.51             $226.74

 Change =>                      -1.29               -0.44

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

Current Index Reflects the Equivalent of 142,501 head of cattle.

SUPPLY (Live)  92,864 Hd

Equivalent:                   $229.23             $220.65

DEMAND (Box)   49,637 Hd*

Equivalent:                   $239.79             $232.84

Live-Box Spread:             ($10.56)            ($12.19)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $251.79

                  Weight   Price     Head      : Se 600-900#          $244.84

  Live Steer:          1386   $156.33    44,383: Current Lds:           107.8

  Live Heifer:         1241   $156.47    20,067: Previous Lds:          136.9

  Drsd Steer:           890   $247.41    21,200

  Drsd Heifer:          794   $247.00     7,214

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

      Grading % Breakdown            :         Drop Credit      :       15.58

 Ch 600-900# :                 75.16%:         Steer Dressing % :      63.61%

 Ch 600-750# :                 26.33%:         Heifer Dressing %:      63.58%

 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 = 234.51                       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   $221.93   $235.60   $249.43   $245.09   $225.76

 Certified 1-3         5.44   $212.45   $226.12   $239.95   $235.61   $216.28

 Choice 1              3.25   $210.26   $223.93   $237.76   $233.42   $214.09

 Select 1             -4.83   $202.18   $215.85   $229.68   $225.34   $206.01

 Stndrd 1-3          -22.28   $184.73   $198.40   $212.23   $207.89   $188.56

 Prime 4               2.93   $209.94   $223.61   $237.44   $233.10   $213.77

 Choice 4            -10.77   $196.24   $209.91   $223.74   $219.40   $200.07

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

*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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