Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Tue, Aug 05, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $243.63             $237.57

 Change =>                      -0.12               -0.79

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

Current Index Reflects the Equivalent of 112,327 head of cattle.

SUPPLY (Live)  61,951 Hd

Equivalent:                   $235.98             $230.38

DEMAND (Box)   50,376 Hd*

Equivalent:                   $251.27             $244.75

Live-Box Spread:             ($15.29)            ($14.37)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $263.27

                  Weight   Price     Head      : Se 600-900#          $256.75

  Live Steer:          1405   $162.70    32,860: Current Lds:           135.8

  Live Heifer:         1260   $163.00    12,345: Previous Lds:          126.1

  Drsd Steer:           887   $255.90    11,676

  Drsd Heifer:          791   $255.77     5,070

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

      Grading % Breakdown            :         Drop Credit      :       16.44

 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 = 243.63                       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   $231.05   $244.72   $258.55   $254.21   $235.55

 Certified 1-3         4.89   $221.02   $234.69   $248.52   $244.18   $225.52

 Choice 1              3.25   $219.38   $233.05   $246.88   $242.54   $223.88

 Select 1             -1.83   $214.30   $227.97   $241.80   $237.46   $218.80

 Stndrd 1-3          -21.07   $195.06   $208.73   $222.56   $218.22   $199.56

 Prime 4               2.93   $219.06   $232.73   $246.56   $242.22   $223.56

 Choice 4            -10.77   $205.36   $219.03   $232.86   $228.52   $209.86

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

*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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