Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Tue, Sep 02, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $230.27             $218.74

 Change =>                       0.71               -0.61

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

Current Index Reflects the Equivalent of 147,626 head of cattle.

SUPPLY (Live)  68,399 Hd

Equivalent:                   $226.43             $215.65

DEMAND (Box)   79,227 Hd*

Equivalent:                   $234.11             $221.83

Live-Box Spread:              ($7.68)             ($6.18)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $246.11

                  Weight   Price     Head      : Se 600-900#          $233.83

  Live Steer:          1415   $155.36    25,384: Current Lds:           211.9

  Live Heifer:         1277   $155.97    19,348: Previous Lds:          249.7

  Drsd Steer:           908   $244.56    16,043

  Drsd Heifer:          805   $244.84     7,624

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

      Grading % Breakdown            :         Drop Credit      :       16.61

 Ch 600-900# :                 75.73%:         Steer Dressing % :      63.77%

 Ch 600-750# :                 27.44%:         Heifer Dressing %:      63.68%

 Ch 750-900# :                 48.29%:         Processing Cost  :       12.00

 Se 600-900# :                 24.27%:         Slaughter Cost   :       50.50

 Se 600-750# :                  7.23%:

 Se 750-900# :                 17.04%:

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

 Equivalent Values for Outlying Beef Carcass Types

 Basis Value = 230.27                       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   $217.89   $231.56   $245.39   $241.05   $221.72

 Certified 1-3         4.55   $207.32   $220.99   $234.82   $230.48   $211.15

 Choice 1              3.25   $206.02   $219.69   $233.52   $229.18   $209.85

 Select 1             -7.04   $195.73   $209.40   $223.23   $218.89   $199.56

 Stndrd 1-3          -23.57   $179.20   $192.87   $206.70   $202.36   $183.03

 Prime 4               3.13   $205.90   $219.57   $233.40   $229.06   $209.73

 Choice 4            -10.77   $192.00   $205.67   $219.50   $215.16   $195.83

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

*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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