Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Thu, Sep 04, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $231.28             $219.18

 Change =>                       0.25                0.36

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

Current Index Reflects the Equivalent of 160,149 head of cattle.

SUPPLY (Live)  72,723 Hd

Equivalent:                   $226.45             $215.67

DEMAND (Box)   87,426 Hd*

Equivalent:                   $236.12             $222.69

Live-Box Spread:              ($9.67)             ($7.02)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $248.12

                  Weight   Price     Head      : Se 600-900#          $234.69

  Live Steer:          1415   $155.72    27,356: Current Lds:           258.9

  Live Heifer:         1278   $156.06    20,304: Previous Lds:          265.6

  Drsd Steer:           907   $244.77    16,837

  Drsd Heifer:          807   $245.17     8,226

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

      Grading % Breakdown            :         Drop Credit      :       16.81

 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 = 231.28                       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   $218.90   $232.57   $246.40   $242.06   $222.73

 Certified 1-3         4.55   $208.33   $222.00   $235.83   $231.49   $212.16

 Choice 1              3.25   $207.03   $220.70   $234.53   $230.19   $210.86

 Select 1             -7.04   $196.74   $210.41   $224.24   $219.90   $200.57

 Stndrd 1-3          -23.57   $180.21   $193.88   $207.71   $203.37   $184.04

 Prime 4               3.13   $206.91   $220.58   $234.41   $230.07   $210.74

 Choice 4            -10.77   $193.01   $206.68   $220.51   $216.17   $196.84

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

*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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