Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Thu, Aug 21, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $230.50             $222.21

 Change =>                      -1.09               -1.67

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

Current Index Reflects the Equivalent of 127,697 head of cattle.

SUPPLY (Live)  62,276 Hd

Equivalent:                   $222.54             $215.61

DEMAND (Box)   65,421 Hd*

Equivalent:                   $238.46             $228.82

Live-Box Spread:             ($15.92)            ($13.21)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $250.46

                  Weight   Price     Head      : Se 600-900#          $240.82

  Live Steer:          1411   $153.73    25,093: Current Lds:           159.4

  Live Heifer:         1275   $153.76    11,921: Previous Lds:          214.8

  Drsd Steer:           909   $242.21    15,362

  Drsd Heifer:          792   $242.36     9,900

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

      Grading % Breakdown            :         Drop Credit      :       16.69

 Ch 600-900# :                 75.79%:         Steer Dressing % :      63.63%

 Ch 600-750# :                 25.21%:         Heifer Dressing %:      63.74%

 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 = 230.50                       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   $217.92   $231.59   $245.42   $241.08   $221.75

 Certified 1-3         5.11   $208.11   $221.78   $235.61   $231.27   $211.94

 Choice 1              3.25   $206.25   $219.92   $233.75   $229.41   $210.08

 Select 1             -3.17   $199.83   $213.50   $227.33   $222.99   $203.66

 Stndrd 1-3          -21.49   $181.51   $195.18   $209.01   $204.67   $185.34

 Prime 4               2.93   $205.93   $219.60   $233.43   $229.09   $209.76

 Choice 4            -10.77   $192.23   $205.90   $219.73   $215.39   $196.06

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

*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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