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Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Mon, Jul 21, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $233.15             $225.97

 Change =>                       0.86                0.70

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

Current Index Reflects the Equivalent of 152,303 head of cattle.

SUPPLY (Live)  87,405 Hd

Equivalent:                   $227.78             $219.85

DEMAND (Box)   64,898 Hd*

Equivalent:                   $238.52             $232.08

Live-Box Spread:             ($10.74)            ($12.23)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $250.52

                  Weight   Price     Head      : Se 600-900#          $244.08

  Live Steer:          1401   $155.99    43,945: Current Lds:           146.9

  Live Heifer:         1256   $155.99    17,942: Previous Lds:          156.0

  Drsd Steer:           892   $246.42    15,990

  Drsd Heifer:          790   $246.14     9,528

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

      Grading % Breakdown            :         Drop Credit      :       16.06

 Ch 600-900# :                 76.63%:         Steer Dressing % :      63.39%

 Ch 600-750# :                 24.27%:         Heifer Dressing %:      63.47%

 Ch 750-900# :                 52.37%:         Processing Cost  :       12.00

 Se 600-900# :                 23.37%:         Slaughter Cost   :       50.50

 Se 600-750# :                  4.28%:

 Se 750-900# :                 19.08%:

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

 Equivalent Values for Outlying Beef Carcass Types

 Basis Value = 233.15                       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   $220.37   $234.04   $247.87   $243.53   $224.20

 Certified 1-3         5.22   $210.87   $224.54   $238.37   $234.03   $214.70

 Choice 1              3.25   $208.90   $222.57   $236.40   $232.06   $212.73

 Select 1             -4.17   $201.48   $215.15   $228.98   $224.64   $205.31

 Stndrd 1-3          -22.07   $183.58   $197.25   $211.08   $206.74   $187.41

 Prime 4               2.73   $208.38   $222.05   $235.88   $231.54   $212.21

 Choice 4            -10.77   $194.88   $208.55   $222.38   $218.04   $198.71

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

*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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