Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Mon, Jul 14, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $233.63             $226.15

 Change =>                      -0.88               -0.59

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

Current Index Reflects the Equivalent of 134,578 head of cattle.

SUPPLY (Live)  85,153 Hd

Equivalent:                   $228.13             $219.87

DEMAND (Box)   49,425 Hd*

Equivalent:                   $239.14             $232.42

Live-Box Spread:             ($11.01)            ($12.55)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $251.14

                  Weight   Price     Head      : Se 600-900#          $244.42

  Live Steer:          1382   $155.74    39,989: Current Lds:           113.5

  Live Heifer:         1233   $155.75    18,469: Previous Lds:          107.8

  Drsd Steer:           882   $246.97    20,014

  Drsd Heifer:          790   $246.71     6,681

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

      Grading % Breakdown            :         Drop Credit      :       15.64

 Ch 600-900# :                 76.06%:         Steer Dressing % :      63.61%

 Ch 600-750# :                 25.14%:         Heifer Dressing %:      63.56%

 Ch 750-900# :                 50.91%:         Processing Cost  :       12.00

 Se 600-900# :                 23.94%:         Slaughter Cost   :       50.50

 Se 600-750# :                  6.32%:

 Se 750-900# :                 17.63%:

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

 Equivalent Values for Outlying Beef Carcass Types

 Basis Value = 233.63                       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            14.72   $220.85   $234.52   $248.35   $244.01   $224.68

 Certified 1-3         5.22   $211.35   $225.02   $238.85   $234.51   $215.18

 Choice 1              3.25   $209.38   $223.05   $236.88   $232.54   $213.21

 Select 1             -4.50   $201.63   $215.30   $229.13   $224.79   $205.46

 Stndrd 1-3          -22.28   $183.85   $197.52   $211.35   $207.01   $187.68

 Prime 4               2.73   $208.86   $222.53   $236.36   $232.02   $212.69

 Choice 4            -10.77   $195.36   $209.03   $222.86   $218.52   $199.19

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

*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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