Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Fri, Jul 25, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $240.19             $234.70

 Change =>                       2.47                2.31

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

Current Index Reflects the Equivalent of 114,236 head of cattle.

SUPPLY (Live)  55,611 Hd

Equivalent:                   $235.00             $227.07

DEMAND (Box)   58,625 Hd*

Equivalent:                   $245.38             $242.33

Live-Box Spread:             ($10.38)            ($15.26)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $257.38

                  Weight   Price     Head      : Se 600-900#          $254.33

  Live Steer:          1401   $161.18    21,333: Current Lds:            84.4

  Live Heifer:         1253   $160.49    10,710: Previous Lds:          152.3

  Drsd Steer:           888   $254.28    16,768

  Drsd Heifer:          818   $254.48     6,800

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

      Grading % Breakdown            :         Drop Credit      :       16.18

 Ch 600-900# :                 76.63%:         Steer Dressing % :      63.68%

 Ch 600-750# :                 24.27%:         Heifer Dressing %:      63.64%

 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 = 240.19                       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   $227.41   $241.08   $254.91   $250.57   $231.24

 Certified 1-3         5.22   $217.91   $231.58   $245.41   $241.07   $221.74

 Choice 1              3.25   $215.94   $229.61   $243.44   $239.10   $219.77

 Select 1             -4.17   $208.52   $222.19   $236.02   $231.68   $212.35

 Stndrd 1-3          -22.07   $190.62   $204.29   $218.12   $213.78   $194.45

 Prime 4               2.73   $215.42   $229.09   $242.92   $238.58   $219.25

 Choice 4            -10.77   $201.92   $215.59   $229.42   $225.08   $205.75

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

*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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