Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Wed, Aug 20, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $231.59             $223.88

 Change =>                      -0.90               -0.64

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

Current Index Reflects the Equivalent of 124,781 head of cattle.

SUPPLY (Live)  60,803 Hd

Equivalent:                   $223.62             $216.69

DEMAND (Box)   63,978 Hd*

Equivalent:                   $239.55             $231.07

Live-Box Spread:             ($15.93)            ($14.38)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $251.55

                  Weight   Price     Head      : Se 600-900#          $243.07

  Live Steer:          1421   $154.69    26,616: Current Lds:           214.8

  Live Heifer:         1280   $154.37    14,864: Previous Lds:          218.1

  Drsd Steer:           912   $242.49    12,537

  Drsd Heifer:          794   $243.45     6,786

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

      Grading % Breakdown            :         Drop Credit      :       16.61

 Ch 600-900# :                 75.79%:         Steer Dressing % :      63.66%

 Ch 600-750# :                 25.21%:         Heifer Dressing %:      63.70%

 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 = 231.59                       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   $219.01   $232.68   $246.51   $242.17   $222.84

 Certified 1-3         5.11   $209.20   $222.87   $236.70   $232.36   $213.03

 Choice 1              3.25   $207.34   $221.01   $234.84   $230.50   $211.17

 Select 1             -3.17   $200.92   $214.59   $228.42   $224.08   $204.75

 Stndrd 1-3          -21.49   $182.60   $196.27   $210.10   $205.76   $186.43

 Prime 4               2.93   $207.02   $220.69   $234.52   $230.18   $210.85

 Choice 4            -10.77   $193.32   $206.99   $220.82   $216.48   $197.15

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

*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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