Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Fri, Sep 05, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $232.18             $220.58

 Change =>                       0.90                1.40

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

Current Index Reflects the Equivalent of 182,329 head of cattle.

SUPPLY (Live)  94,244 Hd

Equivalent:                   $227.70             $216.91

DEMAND (Box)   88,085 Hd*

Equivalent:                   $236.67             $224.25

Live-Box Spread:              ($8.97)             ($7.34)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $248.67

                  Weight   Price     Head      : Se 600-900#          $236.25

  Live Steer:          1417   $156.37    33,906: Current Lds:           188.3

  Live Heifer:         1276   $156.38    22,612: Previous Lds:          258.9

  Drsd Steer:           917   $246.58    25,801

  Drsd Heifer:          815   $246.64    11,925

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

      Grading % Breakdown            :         Drop Credit      :       16.72

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

 Ch 600-750# :                 27.44%:         Heifer Dressing %:      63.70%

 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 = 232.18                       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   $219.80   $233.47   $247.30   $242.96   $223.63

 Certified 1-3         4.55   $209.23   $222.90   $236.73   $232.39   $213.06

 Choice 1              3.25   $207.93   $221.60   $235.43   $231.09   $211.76

 Select 1             -7.04   $197.64   $211.31   $225.14   $220.80   $201.47

 Stndrd 1-3          -23.57   $181.11   $194.78   $208.61   $204.27   $184.94

 Prime 4               3.13   $207.81   $221.48   $235.31   $230.97   $211.64

 Choice 4            -10.77   $193.91   $207.58   $221.41   $217.07   $197.74

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

*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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