Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Wed, Jul 30, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $244.28             $239.69

 Change =>                       0.89                1.02

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

Current Index Reflects the Equivalent of 124,766 head of cattle.

SUPPLY (Live)  74,803 Hd

Equivalent:                   $237.69             $230.55

DEMAND (Box)   49,963 Hd*

Equivalent:                   $250.86             $248.83

Live-Box Spread:             ($13.17)            ($18.28)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $262.86

                  Weight   Price     Head      : Se 600-900#          $260.83

  Live Steer:          1396   $162.85    28,371: Current Lds:           177.9

  Live Heifer:         1247   $163.25    21,038: Previous Lds:          149.4

  Drsd Steer:           887   $255.18    17,298

  Drsd Heifer:          799   $255.86     8,096

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

      Grading % Breakdown            :         Drop Credit      :       16.20

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

 Ch 600-750# :                 25.34%:         Heifer Dressing %:      63.42%

 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 = 244.28                       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   $231.43   $245.10   $258.93   $254.59   $235.26

 Certified 1-3         5.00   $221.78   $235.45   $249.28   $244.94   $225.61

 Choice 1              3.25   $220.03   $233.70   $247.53   $243.19   $223.86

 Select 1             -3.38   $213.40   $227.07   $240.90   $236.56   $217.23

 Stndrd 1-3          -21.64   $195.14   $208.81   $222.64   $218.30   $198.97

 Prime 4               2.66   $219.44   $233.11   $246.94   $242.60   $223.27

 Choice 4            -10.77   $206.01   $219.68   $233.51   $229.17   $209.84

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

*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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