Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Tue, Jul 29, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $243.39             $238.67

 Change =>                       0.91                1.33

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

Current Index Reflects the Equivalent of 128,177 head of cattle.

SUPPLY (Live)  75,672 Hd

Equivalent:                   $237.44             $230.30

DEMAND (Box)   52,505 Hd*

Equivalent:                   $249.34             $247.03

Live-Box Spread:             ($11.90)            ($16.73)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $261.34

                  Weight   Price     Head      : Se 600-900#          $259.03

  Live Steer:          1395   $162.81    28,599: Current Lds:           149.4

  Live Heifer:         1247   $163.25    20,975: Previous Lds:          102.2

  Drsd Steer:           889   $255.14    17,699

  Drsd Heifer:          804   $255.77     8,399

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

      Grading % Breakdown            :         Drop Credit      :       16.31

 Ch 600-900# :                 76.35%:         Steer Dressing % :      63.57%

 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 = 243.39                       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   $230.54   $244.21   $258.04   $253.70   $234.37

 Certified 1-3         5.00   $220.89   $234.56   $248.39   $244.05   $224.72

 Choice 1              3.25   $219.14   $232.81   $246.64   $242.30   $222.97

 Select 1             -3.38   $212.51   $226.18   $240.01   $235.67   $216.34

 Stndrd 1-3          -21.64   $194.25   $207.92   $221.75   $217.41   $198.08

 Prime 4               2.66   $218.55   $232.22   $246.05   $241.71   $222.38

 Choice 4            -10.77   $205.12   $218.79   $232.62   $228.28   $208.95

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

*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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