Advice and Tips

Beef Carcass Price Equivalent

NW_LS410  ***Corrected Report***

Des Moines, IA     Tue, Jul 22, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                   *$234.52             $227.05*

 Change =>                      *1.37                1.08*

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

Current Index Reflects the Equivalent of 153,204 head of cattle.

SUPPLY (Live)  87,168 Hd

Equivalent:                  *$228.24             $220.31*

DEMAND (Box)   66,036 Hd*

Equivalent:                   $240.80             $233.79

Live-Box Spread:             ($12.56)            ($13.48)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $252.80

                  Weight   Price     Head      : Se 600-900#          $245.79

  Live Steer:          1402   $156.00    43,870: Current Lds:           186.2

  Live Heifer:         1258   $156.00    17,738: Previous Lds:          146.9

  Drsd Steer:           892   $246.42    15,990

  Drsd Heifer:          790   $246.12     9,570

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

      Grading % Breakdown            :         Drop Credit      :      *15.77*

 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 = *234.52*                     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  *$221.74   $235.41   $249.24   $244.90   $225.57

 Certified 1-3         5.22   $212.24   $225.91   $239.74   $235.40   $216.07

 Choice 1              3.25   $210.27   $223.94   $237.77   $233.43   $214.10

 Select 1             -4.17   $202.85   $216.52   $230.35   $226.01   $206.68

 Stndrd 1-3          -22.07   $184.95   $198.62   $212.45   $208.11   $188.78

 Prime 4               2.73   $209.75   $223.42   $237.25   $232.91   $213.58

 Choice 4            -10.77   $196.25   $209.92   $223.75   $219.41   $200.08*

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

*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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