Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Wed, Jul 23, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $234.36             $228.45

 Change =>                      -0.16                1.40

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

Current Index Reflects the Equivalent of 155,512 head of cattle.

SUPPLY (Live)  87,817 Hd

Equivalent:                   $228.12             $220.19

DEMAND (Box)   67,695 Hd*

Equivalent:                   $240.59             $236.71

Live-Box Spread:             ($12.47)            ($16.52)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $252.59

                  Weight   Price     Head      : Se 600-900#          $248.71

  Live Steer:          1401   $156.06    43,879: Current Lds:           211.8

  Live Heifer:         1258   $156.02    17,630: Previous Lds:          186.2

  Drsd Steer:           894   $246.67    16,435

  Drsd Heifer:          795   $246.34     9,873

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

      Grading % Breakdown            :         Drop Credit      :       15.91

 Ch 600-900# :                 76.63%:         Steer Dressing % :      63.40%

 Ch 600-750# :                 24.27%:         Heifer Dressing %:      63.48%

 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 = 234.36                       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   $221.58   $235.25   $249.08   $244.74   $225.41

 Certified 1-3         5.22   $212.08   $225.75   $239.58   $235.24   $215.91

 Choice 1              3.25   $210.11   $223.78   $237.61   $233.27   $213.94

 Select 1             -4.17   $202.69   $216.36   $230.19   $225.85   $206.52

 Stndrd 1-3          -22.07   $184.79   $198.46   $212.29   $207.95   $188.62

 Prime 4               2.73   $209.59   $223.26   $237.09   $232.75   $213.42

 Choice 4            -10.77   $196.09   $209.76   $223.59   $219.25   $199.92

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

*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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