Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Thu, Jul 31, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $245.12             $240.02

 Change =>                       0.81                0.33

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

Current Index Reflects the Equivalent of 99,309 head of cattle.

SUPPLY (Live)  50,860 Hd

Equivalent:                   $238.58             $231.44

DEMAND (Box)   48,449 Hd*

Equivalent:                   $251.66             $248.60

Live-Box Spread:             ($13.08)            ($17.16)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $263.66

                  Weight   Price     Head      : Se 600-900#          $260.60

  Live Steer:          1390   $163.25    19,697: Current Lds:           132.2

  Live Heifer:         1248   $163.88    16,457: Previous Lds:          177.9

  Drsd Steer:           887   $255.43     9,780

  Drsd Heifer:          790   $256.58     4,926

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

      Grading % Breakdown            :         Drop Credit      :       16.22

 Ch 600-900# :                 76.35%:         Steer Dressing % :      63.53%

 Ch 600-750# :                 25.34%:         Heifer Dressing %:      63.36%

 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 = 245.12                       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   $232.27   $245.94   $259.77   $255.43   $236.10

 Certified 1-3         5.00   $222.62   $236.29   $250.12   $245.78   $226.45

 Choice 1              3.25   $220.87   $234.54   $248.37   $244.03   $224.70

 Select 1             -3.38   $214.24   $227.91   $241.74   $237.40   $218.07

 Stndrd 1-3          -21.64   $195.98   $209.65   $223.48   $219.14   $199.81

 Prime 4               2.66   $220.28   $233.95   $247.78   $243.44   $224.11

 Choice 4            -10.77   $206.85   $220.52   $234.35   $230.01   $210.68

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

*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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