Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Mon, Aug 04, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $243.75             $238.36

 Change =>                      -2.25               -1.57

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

Current Index Reflects the Equivalent of 113,568 head of cattle.

SUPPLY (Live)  62,173 Hd

Equivalent:                   $236.29             $230.69

DEMAND (Box)   51,395 Hd*

Equivalent:                   $251.22             $246.03

Live-Box Spread:             ($14.93)            ($15.34)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $263.22

                  Weight   Price     Head      : Se 600-900#          $258.03

  Live Steer:          1404   $162.69    32,947: Current Lds:           126.1

  Live Heifer:         1259   $163.00    12,280: Previous Lds:           99.7

  Drsd Steer:           885   $255.80    11,876

  Drsd Heifer:          791   $255.77     5,070

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

      Grading % Breakdown            :         Drop Credit      :       16.23

 Ch 600-900# :                 76.68%:         Steer Dressing % :      63.83%

 Ch 600-750# :                 26.26%:         Heifer Dressing %:      63.86%

 Ch 750-900# :                 50.42%:         Processing Cost  :       12.00

 Se 600-900# :                 23.32%:         Slaughter Cost   :       50.50

 Se 600-750# :                  4.71%:

 Se 750-900# :                 18.61%:

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

 Equivalent Values for Outlying Beef Carcass Types

 Basis Value = 243.75                       Carcass Weights

                             400-500#500-600#  600-900#  900-1000#  1000#/up

 Qlty/Yield      (1)           -27.50    -13.83               -4.34    -23.00

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

 Prime 1-3            14.92   $231.17   $244.84   $258.67   $254.33   $235.67

 Certified 1-3         4.89   $221.14   $234.81   $248.64   $244.30   $225.64

 Choice 1              3.25   $219.50   $233.17   $247.00   $242.66   $224.00

 Select 1             -1.83   $214.42   $228.09   $241.92   $237.58   $218.92

 Stndrd 1-3          -21.07   $195.18   $208.85   $222.68   $218.34   $199.68

 Prime 4               2.93   $219.18   $232.85   $246.68   $242.34   $223.68

 Choice 4            -10.77   $205.48   $219.15   $232.98   $228.64   $209.98

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

*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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