Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Fri, Jul 18, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $232.29             $225.27

 Change =>                      -0.60               -0.71

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

Current Index Reflects the Equivalent of 152,043 head of cattle.

SUPPLY (Live)  89,653 Hd

Equivalent:                   $228.14             $219.88

DEMAND (Box)   62,390 Hd*

Equivalent:                   $236.45             $230.65

Live-Box Spread:              ($8.31)            ($10.77)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $248.45

                  Weight   Price     Head      : Se 600-900#          $242.65

  Live Steer:          1398   $155.86    44,806: Current Lds:           156.0

  Live Heifer:         1251   $155.73    18,895: Previous Lds:          201.6

  Drsd Steer:           888   $246.31    16,454

  Drsd Heifer:          790   $246.10     9,498

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

      Grading % Breakdown            :         Drop Credit      :       15.82

 Ch 600-900# :                 76.06%:         Steer Dressing % :      63.38%

 Ch 600-750# :                 25.14%:         Heifer Dressing %:      63.44%

 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 = 232.29                       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   $219.51   $233.18   $247.01   $242.67   $223.34

 Certified 1-3         5.22   $210.01   $223.68   $237.51   $233.17   $213.84

 Choice 1              3.25   $208.04   $221.71   $235.54   $231.20   $211.87

 Select 1             -4.50   $200.29   $213.96   $227.79   $223.45   $204.12

 Stndrd 1-3          -22.28   $182.51   $196.18   $210.01   $205.67   $186.34

 Prime 4               2.73   $207.52   $221.19   $235.02   $230.68   $211.35

 Choice 4            -10.77   $194.02   $207.69   $221.52   $217.18   $197.85

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

*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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