Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Mon, Aug 18, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $233.62             $225.89

 Change =>                      -1.42               -2.65

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

Current Index Reflects the Equivalent of 140,315 head of cattle.

SUPPLY (Live)  76,654 Hd

Equivalent:                   $224.13             $217.20

DEMAND (Box)   63,661 Hd*

Equivalent:                   $243.10             $234.57

Live-Box Spread:             ($18.97)            ($17.37)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $255.10

                  Weight   Price     Head      : Se 600-900#          $246.57

  Live Steer:          1422   $154.92    30,159: Current Lds:           152.5

  Live Heifer:         1278   $154.59    18,299: Previous Lds:          127.5

  Drsd Steer:           913   $243.76    19,209

  Drsd Heifer:          801   $244.27     8,987

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

      Grading % Breakdown            :         Drop Credit      :       16.65

 Ch 600-900# :                 75.79%:         Steer Dressing % :      63.70%

 Ch 600-750# :                 25.21%:         Heifer Dressing %:      63.67%

 Ch 750-900# :                 50.58%:         Processing Cost  :       12.00

 Se 600-900# :                 24.21%:         Slaughter Cost   :       50.50

 Se 600-750# :                  5.63%:

 Se 750-900# :                 18.58%:

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

 Equivalent Values for Outlying Beef Carcass Types

 Basis Value = 233.62                       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   $221.04   $234.71   $248.54   $244.20   $224.87

 Certified 1-3         5.11   $211.23   $224.90   $238.73   $234.39   $215.06

 Choice 1              3.25   $209.37   $223.04   $236.87   $232.53   $213.20

 Select 1             -3.17   $202.95   $216.62   $230.45   $226.11   $206.78

 Stndrd 1-3          -21.49   $184.63   $198.30   $212.13   $207.79   $188.46

 Prime 4               2.93   $209.05   $222.72   $236.55   $232.21   $212.88

 Choice 4            -10.77   $195.35   $209.02   $222.85   $218.51   $199.18

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

*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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