Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Thu, Aug 28, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $229.05             $218.99

 Change =>                       0.14               -0.76

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

Current Index Reflects the Equivalent of 98,737 head of cattle.

SUPPLY (Live)  33,146 Hd

Equivalent:                   $223.21             $214.70

DEMAND (Box)   65,591 Hd*

Equivalent:                   $234.89             $223.27

Live-Box Spread:             ($11.68)             ($8.57)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $246.89

                  Weight   Price     Head      : Se 600-900#          $235.27

  Live Steer:          1497   $153.38    15,380: Current Lds:           179.5

  Live Heifer:         1286   $153.61     9,340: Previous Lds:          231.5

  Drsd Steer:           905   $241.80     5,272

  Drsd Heifer:          809   $241.22     3,154

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

      Grading % Breakdown            :         Drop Credit      :       16.60

 Ch 600-900# :                 75.89%:         Steer Dressing % :      63.29%

 Ch 600-750# :                 24.61%:         Heifer Dressing %:      63.27%

 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 = 229.05                       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   $216.67   $230.34   $244.17   $239.83   $220.50

 Certified 1-3         4.89   $206.44   $220.11   $233.94   $229.60   $210.27

 Choice 1              3.25   $204.80   $218.47   $232.30   $227.96   $208.63

 Select 1             -4.75   $196.80   $210.47   $224.30   $219.96   $200.63

 Stndrd 1-3          -22.14   $179.41   $193.08   $206.91   $202.57   $183.24

 Prime 4               3.13   $204.68   $218.35   $232.18   $227.84   $208.51

 Choice 4            -10.77   $190.78   $204.45   $218.28   $213.94   $194.61

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

*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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