Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Mon, Aug 11, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $239.75             $232.92

 Change =>                      -1.95               -2.25

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

Current Index Reflects the Equivalent of 144,131 head of cattle.

SUPPLY (Live)  86,499 Hd

Equivalent:                   $232.06             $226.22

DEMAND (Box)   57,632 Hd*

Equivalent:                   $247.44             $239.62

Live-Box Spread:             ($15.38)            ($13.40)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $259.44

                  Weight   Price     Head      : Se 600-900#          $251.62

  Live Steer:          1390   $159.94    33,490: Current Lds:           143.8

  Live Heifer:         1244   $160.00    21,462: Previous Lds:          130.5

  Drsd Steer:           907   $251.17    19,086

  Drsd Heifer:          801   $251.24    12,461

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

      Grading % Breakdown            :         Drop Credit      :       16.70

 Ch 600-900# :                 75.82%:         Steer Dressing % :      63.51%

 Ch 600-750# :                 25.29%:         Heifer Dressing %:      63.52%

 Ch 750-900# :                 50.53%:         Processing Cost  :       12.00

 Se 600-900# :                 24.18%:         Slaughter Cost   :       50.50

 Se 600-750# :                  5.52%:

 Se 750-900# :                 18.66%:

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

 Equivalent Values for Outlying Beef Carcass Types

 Basis Value = 239.75                       Carcass Weights

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

 Qlty/Yield      (1)           -27.50    -13.83               -4.34    -23.67

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

 Prime 1-3            14.92   $227.17   $240.84   $254.67   $250.33   $231.00

 Certified 1-3         5.00   $217.25   $230.92   $244.75   $240.41   $221.08

 Choice 1              3.25   $215.50   $229.17   $243.00   $238.66   $219.33

 Select 1             -2.08   $210.17   $223.84   $237.67   $233.33   $214.00

 Stndrd 1-3          -21.28   $190.97   $204.64   $218.47   $214.13   $194.80

 Prime 4               2.93   $215.18   $228.85   $242.68   $238.34   $219.01

 Choice 4            -10.77   $201.48   $215.15   $228.98   $224.64   $205.31

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

*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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