Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Thu, Jul 17, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $232.89             $225.98

 Change =>                      -0.51                0.69

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

Current Index Reflects the Equivalent of 192,938 head of cattle.

SUPPLY (Live)  134,163 Hd

Equivalent:                   $227.98             $219.72

DEMAND (Box)   58,775 Hd*

Equivalent:                   $237.81             $232.24

Live-Box Spread:              ($9.83)            ($12.52)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $249.81

                  Weight   Price     Head      : Se 600-900#          $244.24

  Live Steer:          1395   $155.69    67,458: Current Lds:           201.6

  Live Heifer:         1243   $155.72    30,871: Previous Lds:          189.7

  Drsd Steer:           876   $246.54    24,339

  Drsd Heifer:          782   $246.26    11,495

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

      Grading % Breakdown            :         Drop Credit      :       15.75

 Ch 600-900# :                 76.06%:         Steer Dressing % :      63.47%

 Ch 600-750# :                 25.14%:         Heifer Dressing %:      63.48%

 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 = 232.89                       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   $220.11   $233.78   $247.61   $243.27   $223.94

 Certified 1-3         5.22   $210.61   $224.28   $238.11   $233.77   $214.44

 Choice 1              3.25   $208.64   $222.31   $236.14   $231.80   $212.47

 Select 1             -4.50   $200.89   $214.56   $228.39   $224.05   $204.72

 Stndrd 1-3          -22.28   $183.11   $196.78   $210.61   $206.27   $186.94

 Prime 4               2.73   $208.12   $221.79   $235.62   $231.28   $211.95

 Choice 4            -10.77   $194.62   $208.29   $222.12   $217.78   $198.45

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

*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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