Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Tue, Aug 12, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $239.09             $233.66

 Change =>                      -0.66                0.74

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

Current Index Reflects the Equivalent of 148,035 head of cattle.

SUPPLY (Live)  86,970 Hd

Equivalent:                   $232.03             $226.19

DEMAND (Box)   61,065 Hd*

Equivalent:                   $246.15             $241.13

Live-Box Spread:             ($14.12)            ($14.94)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $258.15

                  Weight   Price     Head      : Se 600-900#          $253.13

  Live Steer:          1390   $159.91    33,634: Current Lds:           181.6

  Live Heifer:         1243   $159.95    21,789: Previous Lds:          143.8

  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 = 239.09                       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   $226.51   $240.18   $254.01   $249.67   $230.34

 Certified 1-3         5.00   $216.59   $230.26   $244.09   $239.75   $220.42

 Choice 1              3.25   $214.84   $228.51   $242.34   $238.00   $218.67

 Select 1             -2.08   $209.51   $223.18   $237.01   $232.67   $213.34

 Stndrd 1-3          -21.28   $190.31   $203.98   $217.81   $213.47   $194.14

 Prime 4               2.93   $214.52   $228.19   $242.02   $237.68   $218.35

 Choice 4            -10.77   $200.82   $214.49   $228.32   $223.98   $204.65

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

*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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