Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Fri, Aug 15, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $235.04             $228.54

 Change =>                      -1.50               -0.99

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

Current Index Reflects the Equivalent of 178,934 head of cattle.

SUPPLY (Live)  115,920 Hd

Equivalent:                   $226.55             $220.70

DEMAND (Box)   63,014 Hd*

Equivalent:                   $243.54             $236.38

Live-Box Spread:             ($16.99)            ($15.68)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $255.54

                  Weight   Price     Head      : Se 600-900#          $248.38

  Live Steer:          1411   $156.47    43,428: Current Lds:           127.5

  Live Heifer:         1267   $156.15    25,324: Previous Lds:          140.2

  Drsd Steer:           909   $246.40    31,519

  Drsd Heifer:          799   $247.25    15,649

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

      Grading % Breakdown            :         Drop Credit      :       16.66

 Ch 600-900# :                 75.82%:         Steer Dressing % :      63.67%

 Ch 600-750# :                 25.29%:         Heifer Dressing %:      63.65%

 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 = 235.04                       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   $222.46   $236.13   $249.96   $245.62   $226.29

 Certified 1-3         5.00   $212.54   $226.21   $240.04   $235.70   $216.37

 Choice 1              3.25   $210.79   $224.46   $238.29   $233.95   $214.62

 Select 1             -2.08   $205.46   $219.13   $232.96   $228.62   $209.29

 Stndrd 1-3          -21.28   $186.26   $199.93   $213.76   $209.42   $190.09

 Prime 4               2.93   $210.47   $224.14   $237.97   $233.63   $214.30

 Choice 4            -10.77   $196.77   $210.44   $224.27   $219.93   $200.60

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

*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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