Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Wed, Sep 03, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $231.03             $218.82

 Change =>                       0.76                0.08

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

Current Index Reflects the Equivalent of 153,965 head of cattle.

SUPPLY (Live)  68,593 Hd

Equivalent:                   $226.48             $215.69

DEMAND (Box)   85,372 Hd*

Equivalent:                   $235.58             $221.94

Live-Box Spread:              ($9.10)             ($6.25)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $247.58

                  Weight   Price     Head      : Se 600-900#          $233.94

  Live Steer:          1415   $155.37    25,354: Current Lds:           265.6

  Live Heifer:         1277   $155.98    19,412: Previous Lds:          211.9

  Drsd Steer:           907   $244.52    16,203

  Drsd Heifer:          805   $244.84     7,624

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

      Grading % Breakdown            :         Drop Credit      :       16.58

 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 = 231.03                       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   $218.65   $232.32   $246.15   $241.81   $222.48

 Certified 1-3         4.55   $208.08   $221.75   $235.58   $231.24   $211.91

 Choice 1              3.25   $206.78   $220.45   $234.28   $229.94   $210.61

 Select 1             -7.04   $196.49   $210.16   $223.99   $219.65   $200.32

 Stndrd 1-3          -23.57   $179.96   $193.63   $207.46   $203.12   $183.79

 Prime 4               3.13   $206.66   $220.33   $234.16   $229.82   $210.49

 Choice 4            -10.77   $192.76   $206.43   $220.26   $215.92   $196.59

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

*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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