Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Tue, Jul 15, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $233.35             $225.68

 Change =>                      -0.28               -0.47

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

Current Index Reflects the Equivalent of 137,147 head of cattle.

SUPPLY (Live)  85,402 Hd

Equivalent:                   $228.16             $219.91

DEMAND (Box)   51,745 Hd*

Equivalent:                   $238.53             $231.46

Live-Box Spread:             ($10.37)            ($11.55)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $250.53

                  Weight   Price     Head      : Se 600-900#          $243.46

  Live Steer:          1382   $155.72    40,034: Current Lds:           171.0

  Live Heifer:         1233   $155.74    18,673: Previous Lds:          113.5

  Drsd Steer:           882   $246.97    20,014

  Drsd Heifer:          790   $246.71     6,681

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

      Grading % Breakdown            :         Drop Credit      :       15.61

 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 = 233.35                       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   $220.57   $234.24   $248.07   $243.73   $224.40

 Certified 1-3         5.22   $211.07   $224.74   $238.57   $234.23   $214.90

 Choice 1              3.25   $209.10   $222.77   $236.60   $232.26   $212.93

 Select 1             -4.50   $201.35   $215.02   $228.85   $224.51   $205.18

 Stndrd 1-3          -22.28   $183.57   $197.24   $211.07   $206.73   $187.40

 Prime 4               2.73   $208.58   $222.25   $236.08   $231.74   $212.41

 Choice 4            -10.77   $195.08   $208.75   $222.58   $218.24   $198.91

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

*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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