Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Fri, Aug 08, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $241.70             $235.17

 Change =>                      -1.59               -1.74

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

Current Index Reflects the Equivalent of 150,743 head of cattle.

SUPPLY (Live)  94,440 Hd

Equivalent:                   $234.94             $229.34

DEMAND (Box)   56,303 Hd*

Equivalent:                   $248.45             $241.00

Live-Box Spread:             ($13.51)            ($11.66)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $260.45

                  Weight   Price     Head      : Se 600-900#          $253.00

  Live Steer:          1397   $161.99    45,167: Current Lds:           130.5

  Live Heifer:         1248   $161.75    23,730: Previous Lds:          149.0

  Drsd Steer:           894   $254.89    16,029

  Drsd Heifer:          793   $254.10     9,514

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

      Grading % Breakdown            :         Drop Credit      :       16.54

 Ch 600-900# :                 76.68%:         Steer Dressing % :      63.70%

 Ch 600-750# :                 26.26%:         Heifer Dressing %:      63.66%

 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 = 241.70                       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   $229.12   $242.79   $256.62   $252.28   $233.62

 Certified 1-3         4.89   $219.09   $232.76   $246.59   $242.25   $223.59

 Choice 1              3.25   $217.45   $231.12   $244.95   $240.61   $221.95

 Select 1             -1.83   $212.37   $226.04   $239.87   $235.53   $216.87

 Stndrd 1-3          -21.07   $193.13   $206.80   $220.63   $216.29   $197.63

 Prime 4               2.93   $217.13   $230.80   $244.63   $240.29   $221.63

 Choice 4            -10.77   $203.43   $217.10   $230.93   $226.59   $207.93

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

*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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