Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Mon, Aug 25, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $230.05             $220.49

 Change =>                       0.28               -0.76

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

Current Index Reflects the Equivalent of 140,490 head of cattle.

SUPPLY (Live)  75,079 Hd

Equivalent:                   $222.42             $213.92

DEMAND (Box)   65,411 Hd*

Equivalent:                   $237.69             $227.07

Live-Box Spread:             ($15.27)            ($13.15)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $249.69

                  Weight   Price     Head      : Se 600-900#          $239.07

  Live Steer:          1452   $153.12    31,425: Current Lds:           135.1

  Live Heifer:         1276   $153.17    16,591: Previous Lds:          144.8

  Drsd Steer:           909   $241.92    17,975

  Drsd Heifer:          795   $241.50     9,088

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

      Grading % Breakdown            :         Drop Credit      :       16.62

 Ch 600-900# :                 75.89%:         Steer Dressing % :      63.53%

 Ch 600-750# :                 24.61%:         Heifer Dressing %:      63.50%

 Ch 750-900# :                 51.28%:         Processing Cost  :       12.00

 Se 600-900# :                 24.11%:         Slaughter Cost   :       50.50

 Se 600-750# :                  5.27%:

 Se 750-900# :                 18.84%:

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

 Equivalent Values for Outlying Beef Carcass Types

 Basis Value = 230.05                       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            15.12   $217.67   $231.34   $245.17   $240.83   $221.50

 Certified 1-3         4.89   $207.44   $221.11   $234.94   $230.60   $211.27

 Choice 1              3.25   $205.80   $219.47   $233.30   $228.96   $209.63

 Select 1             -4.75   $197.80   $211.47   $225.30   $220.96   $201.63

 Stndrd 1-3          -22.14   $180.41   $194.08   $207.91   $203.57   $184.24

 Prime 4               3.13   $205.68   $219.35   $233.18   $228.84   $209.51

 Choice 4            -10.77   $191.78   $205.45   $219.28   $214.94   $195.61

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

*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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