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Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Thu, Aug 07, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $243.29             $236.91

 Change =>                       0.22               -0.26

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

Current Index Reflects the Equivalent of 120,896 head of cattle.

SUPPLY (Live)  66,904 Hd

Equivalent:                   $236.16             $230.56

DEMAND (Box)   53,992 Hd*

Equivalent:                   $250.41             $243.26

Live-Box Spread:             ($14.25)            ($12.70)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $262.41

                  Weight   Price     Head      : Se 600-900#          $255.26

  Live Steer:          1404   $162.76    35,184: Current Lds:           149.0

  Live Heifer:         1255   $163.18    14,945: Previous Lds:          209.3

  Drsd Steer:           887   $255.90    11,654

  Drsd Heifer:          790   $255.75     5,121

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

      Grading % Breakdown            :         Drop Credit      :       16.51

 Ch 600-900# :                 76.68%:         Steer Dressing % :      63.79%

 Ch 600-750# :                 26.26%:         Heifer Dressing %:      63.75%

 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 = 243.29                       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   $230.71   $244.38   $258.21   $253.87   $235.21

 Certified 1-3         4.89   $220.68   $234.35   $248.18   $243.84   $225.18

 Choice 1              3.25   $219.04   $232.71   $246.54   $242.20   $223.54

 Select 1             -1.83   $213.96   $227.63   $241.46   $237.12   $218.46

 Stndrd 1-3          -21.07   $194.72   $208.39   $222.22   $217.88   $199.22

 Prime 4               2.93   $218.72   $232.39   $246.22   $241.88   $223.22

 Choice 4            -10.77   $205.02   $218.69   $232.52   $228.18   $209.52

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

*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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