Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Mon, Jul 28, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $242.48             $237.34

 Change =>                       2.29                2.64

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

Current Index Reflects the Equivalent of 130,585 head of cattle.

SUPPLY (Live)  75,319 Hd

Equivalent:                   $237.65             $230.51

DEMAND (Box)   55,266 Hd*

Equivalent:                   $247.30             $244.17

Live-Box Spread:              ($9.65)            ($13.66)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $259.30

                  Weight   Price     Head      : Se 600-900#          $256.17

  Live Steer:          1396   $162.81    28,444: Current Lds:           102.2

  Live Heifer:         1247   $163.25    20,935: Previous Lds:           84.4

  Drsd Steer:           890   $255.20    17,499

  Drsd Heifer:          804   $255.71     8,441

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

      Grading % Breakdown            :         Drop Credit      :       16.18

 Ch 600-900# :                 76.35%:         Steer Dressing % :      63.56%

 Ch 600-750# :                 25.34%:         Heifer Dressing %:      63.43%

 Ch 750-900# :                 51.01%:         Processing Cost  :       12.00

 Se 600-900# :                 23.65%:         Slaughter Cost   :       50.50

 Se 600-750# :                  5.47%:

 Se 750-900# :                 18.18%:

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

 Equivalent Values for Outlying Beef Carcass Types

 Basis Value = 242.48                       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            14.65   $229.63   $243.30   $257.13   $252.79   $233.46

 Certified 1-3         5.00   $219.98   $233.65   $247.48   $243.14   $223.81

 Choice 1              3.25   $218.23   $231.90   $245.73   $241.39   $222.06

 Select 1             -3.38   $211.60   $225.27   $239.10   $234.76   $215.43

 Stndrd 1-3          -21.64   $193.34   $207.01   $220.84   $216.50   $197.17

 Prime 4               2.66   $217.64   $231.31   $245.14   $240.80   $221.47

 Choice 4            -10.77   $204.21   $217.88   $231.71   $227.37   $208.04

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

*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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