Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Wed, Jul 16, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $233.40             $225.29

 Change =>                       0.05               -0.39

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

Current Index Reflects the Equivalent of 138,459 head of cattle.

SUPPLY (Live)  84,535 Hd

Equivalent:                   $227.98             $219.73

DEMAND (Box)   53,924 Hd*

Equivalent:                   $238.82             $230.86

Live-Box Spread:             ($10.84)            ($11.13)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $250.82

                  Weight   Price     Head      : Se 600-900#          $242.86

  Live Steer:          1382   $155.61    39,243: Current Lds:           189.7

  Live Heifer:         1232   $155.72    18,687: Previous Lds:          171.0

  Drsd Steer:           881   $246.97    19,924

  Drsd Heifer:          790   $246.71     6,681

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

      Grading % Breakdown            :         Drop Credit      :       15.66

 Ch 600-900# :                 76.06%:         Steer Dressing % :      63.62%

 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 = 233.40                       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   $220.62   $234.29   $248.12   $243.78   $224.45

 Certified 1-3         5.22   $211.12   $224.79   $238.62   $234.28   $214.95

 Choice 1              3.25   $209.15   $222.82   $236.65   $232.31   $212.98

 Select 1             -4.50   $201.40   $215.07   $228.90   $224.56   $205.23

 Stndrd 1-3          -22.28   $183.62   $197.29   $211.12   $206.78   $187.45

 Prime 4               2.73   $208.63   $222.30   $236.13   $231.79   $212.46

 Choice 4            -10.77   $195.13   $208.80   $222.63   $218.29   $198.96

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

*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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