Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Thu, Jul 24, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $237.72             $232.39

 Change =>                       3.36                3.94

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

Current Index Reflects the Equivalent of 115,058 head of cattle.

SUPPLY (Live)  51,058 Hd

Equivalent:                   $231.87             $223.95

DEMAND (Box)   64,000 Hd*

Equivalent:                   $243.56             $240.84

Live-Box Spread:             ($11.69)            ($16.89)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $255.56

                  Weight   Price     Head      : Se 600-900#          $252.84

  Live Steer:          1394   $159.02    19,037: Current Lds:           152.3

  Live Heifer:         1252   $158.88     8,859: Previous Lds:          211.8

  Drsd Steer:           899   $250.86    15,780

  Drsd Heifer:          818   $250.36     7,382

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

      Grading % Breakdown            :         Drop Credit      :       16.11

 Ch 600-900# :                 76.63%:         Steer Dressing % :      63.63%

 Ch 600-750# :                 24.27%:         Heifer Dressing %:      63.63%

 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 = 237.72                       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   $224.94   $238.61   $252.44   $248.10   $228.77

 Certified 1-3         5.22   $215.44   $229.11   $242.94   $238.60   $219.27

 Choice 1              3.25   $213.47   $227.14   $240.97   $236.63   $217.30

 Select 1             -4.17   $206.05   $219.72   $233.55   $229.21   $209.88

 Stndrd 1-3          -22.07   $188.15   $201.82   $215.65   $211.31   $191.98

 Prime 4               2.73   $212.95   $226.62   $240.45   $236.11   $216.78

 Choice 4            -10.77   $199.45   $213.12   $226.95   $222.61   $203.28

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

*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

No comments

Add new comment

(If you're a human, don't change the following field)
Your first name.
(If you're a human, don't change the following field)
Your first name.
(If you're a human, don't change the following field)
Your first name.

Plain text

  • No HTML tags allowed.
  • Lines and paragraphs break automatically.

Welcome

to our redesigned homepage!

Scroll Down for more stories