Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Wed, Aug 06, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $243.07             $237.17

 Change =>                      -0.56               -0.40

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

Current Index Reflects the Equivalent of 114,899 head of cattle.

SUPPLY (Live)  62,167 Hd

Equivalent:                   $236.17             $230.58

DEMAND (Box)   52,732 Hd*

Equivalent:                   $249.97             $243.77

Live-Box Spread:             ($13.80)            ($13.19)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $261.97

                  Weight   Price     Head      : Se 600-900#          $255.77

  Live Steer:          1405   $162.71    32,958: Current Lds:           209.3

  Live Heifer:         1260   $163.02    12,485: Previous Lds:          135.8

  Drsd Steer:           887   $255.89    11,654

  Drsd Heifer:          791   $255.77     5,070

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

      Grading % Breakdown            :         Drop Credit      :       16.33

 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 = 243.07                       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   $230.49   $244.16   $257.99   $253.65   $234.99

 Certified 1-3         4.89   $220.46   $234.13   $247.96   $243.62   $224.96

 Choice 1              3.25   $218.82   $232.49   $246.32   $241.98   $223.32

 Select 1             -1.83   $213.74   $227.41   $241.24   $236.90   $218.24

 Stndrd 1-3          -21.07   $194.50   $208.17   $222.00   $217.66   $199.00

 Prime 4               2.93   $218.50   $232.17   $246.00   $241.66   $223.00

 Choice 4            -10.77   $204.80   $218.47   $232.30   $227.96   $209.30

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

*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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