Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Thu, Aug 14, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $236.54             $229.53

 Change =>                      -1.43               -1.86

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

Current Index Reflects the Equivalent of 201,454 head of cattle.

SUPPLY (Live)  138,215 Hd

Equivalent:                   $228.33             $222.48

DEMAND (Box)   63,239 Hd*

Equivalent:                   $244.74             $236.57

Live-Box Spread:             ($16.41)            ($14.09)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $256.74

                  Weight   Price     Head      : Se 600-900#          $248.57

  Live Steer:          1405   $157.55    52,559: Current Lds:           140.2

  Live Heifer:         1256   $157.20    32,569: Previous Lds:          247.1

  Drsd Steer:           911   $247.69    35,656

  Drsd Heifer:          802   $249.42    17,431

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

      Grading % Breakdown            :         Drop Credit      :       16.61

 Ch 600-900# :                 75.82%:         Steer Dressing % :      63.64%

 Ch 600-750# :                 25.29%:         Heifer Dressing %:      63.58%

 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 = 236.54                       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   $223.96   $237.63   $251.46   $247.12   $227.79

 Certified 1-3         5.00   $214.04   $227.71   $241.54   $237.20   $217.87

 Choice 1              3.25   $212.29   $225.96   $239.79   $235.45   $216.12

 Select 1             -2.08   $206.96   $220.63   $234.46   $230.12   $210.79

 Stndrd 1-3          -21.28   $187.76   $201.43   $215.26   $210.92   $191.59

 Prime 4               2.93   $211.97   $225.64   $239.47   $235.13   $215.80

 Choice 4            -10.77   $198.27   $211.94   $225.77   $221.43   $202.10

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

*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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