Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Wed, Aug 27, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $228.91             $219.75

 Change =>                      -0.56               -0.47

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

Current Index Reflects the Equivalent of 137,894 head of cattle.

SUPPLY (Live)  73,809 Hd

Equivalent:                   $222.41             $213.90

DEMAND (Box)   64,085 Hd*

Equivalent:                   $235.41             $225.60

Live-Box Spread:             ($13.00)            ($11.70)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $247.41

                  Weight   Price     Head      : Se 600-900#          $237.60

  Live Steer:          1455   $153.09    30,443: Current Lds:           231.5

  Live Heifer:         1277   $153.16    16,296: Previous Lds:          183.7

  Drsd Steer:           909   $241.91    18,139

  Drsd Heifer:          794   $241.47     8,931

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

      Grading % Breakdown            :         Drop Credit      :       16.60

 Ch 600-900# :                 75.89%:         Steer Dressing % :      63.54%

 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 = 228.91                       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   $216.53   $230.20   $244.03   $239.69   $220.36

 Certified 1-3         4.89   $206.30   $219.97   $233.80   $229.46   $210.13

 Choice 1              3.25   $204.66   $218.33   $232.16   $227.82   $208.49

 Select 1             -4.75   $196.66   $210.33   $224.16   $219.82   $200.49

 Stndrd 1-3          -22.14   $179.27   $192.94   $206.77   $202.43   $183.10

 Prime 4               3.13   $204.54   $218.21   $232.04   $227.70   $208.37

 Choice 4            -10.77   $190.64   $204.31   $218.14   $213.80   $194.47

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

*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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