Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Fri, Aug 01, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $246.00             $239.93

 Change =>                       0.88               -0.09

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

Current Index Reflects the Equivalent of 82,114 head of cattle.

SUPPLY (Live)  32,516 Hd

Equivalent:                   $240.88             $233.74

DEMAND (Box)   49,598 Hd*

Equivalent:                   $251.13             $246.12

Live-Box Spread:             ($10.25)            ($12.38)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $263.13

                  Weight   Price     Head      : Se 600-900#          $258.12

  Live Steer:          1390   $163.96    14,157: Current Lds:            99.7

  Live Heifer:         1248   $164.90    12,489: Previous Lds:          132.2

  Drsd Steer:           893   $257.68     3,598

  Drsd Heifer:          768   $259.24     2,272

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

      Grading % Breakdown            :         Drop Credit      :       16.22

 Ch 600-900# :                 76.35%:         Steer Dressing % :      63.35%

 Ch 600-750# :                 25.34%:         Heifer Dressing %:      63.21%

 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 = 246.00                       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   $233.15   $246.82   $260.65   $256.31   $236.98

 Certified 1-3         5.00   $223.50   $237.17   $251.00   $246.66   $227.33

 Choice 1              3.25   $221.75   $235.42   $249.25   $244.91   $225.58

 Select 1             -3.38   $215.12   $228.79   $242.62   $238.28   $218.95

 Stndrd 1-3          -21.64   $196.86   $210.53   $224.36   $220.02   $200.69

 Prime 4               2.66   $221.16   $234.83   $248.66   $244.32   $224.99

 Choice 4            -10.77   $207.73   $221.40   $235.23   $230.89   $211.56

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

*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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