Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Fri, Aug 22, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $229.77             $221.25

 Change =>                      -0.73               -0.96

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

Current Index Reflects the Equivalent of 138,376 head of cattle.

SUPPLY (Live)  71,660 Hd

Equivalent:                   $221.77             $214.84

DEMAND (Box)   66,716 Hd*

Equivalent:                   $237.77             $227.66

Live-Box Spread:             ($16.00)            ($12.82)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $249.77

                  Weight   Price     Head      : Se 600-900#          $239.66

  Live Steer:          1416   $153.25    29,655: Current Lds:           144.8

  Live Heifer:         1270   $153.19    14,277: Previous Lds:          159.4

  Drsd Steer:           911   $241.96    18,337

  Drsd Heifer:          797   $241.53     9,391

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

      Grading % Breakdown            :         Drop Credit      :       16.83

 Ch 600-900# :                 75.79%:         Steer Dressing % :      63.58%

 Ch 600-750# :                 25.21%:         Heifer Dressing %:      63.60%

 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 = 229.77                       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   $217.19   $230.86   $244.69   $240.35   $221.02

 Certified 1-3         5.11   $207.38   $221.05   $234.88   $230.54   $211.21

 Choice 1              3.25   $205.52   $219.19   $233.02   $228.68   $209.35

 Select 1             -3.17   $199.10   $212.77   $226.60   $222.26   $202.93

 Stndrd 1-3          -21.49   $180.78   $194.45   $208.28   $203.94   $184.61

 Prime 4               2.93   $205.20   $218.87   $232.70   $228.36   $209.03

 Choice 4            -10.77   $191.50   $205.17   $219.00   $214.66   $195.33

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

*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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