Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Wed, Aug 13, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $237.97             $231.39

 Change =>                      -1.12               -2.27

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

Current Index Reflects the Equivalent of 167,414 head of cattle.

SUPPLY (Live)  103,515 Hd

Equivalent:                   $231.07             $225.22

DEMAND (Box)   63,899 Hd*

Equivalent:                   $244.88             $237.55

Live-Box Spread:             ($13.81)            ($12.33)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $256.88

                  Weight   Price     Head      : Se 600-900#          $249.55

  Live Steer:          1394   $159.37    38,046: Current Lds:           247.1

  Live Heifer:         1246   $159.24    24,994: Previous Lds:          181.6

  Drsd Steer:           910   $249.84    25,656

  Drsd Heifer:          805   $250.49    14,819

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

      Grading % Breakdown            :         Drop Credit      :       16.59

 Ch 600-900# :                 75.82%:         Steer Dressing % :      63.56%

 Ch 600-750# :                 25.29%:         Heifer Dressing %:      63.53%

 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 = 237.97                       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   $225.39   $239.06   $252.89   $248.55   $229.22

 Certified 1-3         5.00   $215.47   $229.14   $242.97   $238.63   $219.30

 Choice 1              3.25   $213.72   $227.39   $241.22   $236.88   $217.55

 Select 1             -2.08   $208.39   $222.06   $235.89   $231.55   $212.22

 Stndrd 1-3          -21.28   $189.19   $202.86   $216.69   $212.35   $193.02

 Prime 4               2.93   $213.40   $227.07   $240.90   $236.56   $217.23

 Choice 4            -10.77   $199.70   $213.37   $227.20   $222.86   $203.53

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

*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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