Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Wed, Apr 02, 2014     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $222.20             $213.60
 Change =>                       0.64                0.45
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 73,508 head of cattle.
SUPPLY (Live)  17,536 Hd
Equivalent:                   $222.77             $215.54
DEMAND (Box)   55,972 Hd*
Equivalent:                   $221.64             $211.66
Live-Box Spread:               $1.13               $3.88
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $233.64
                  Weight   Price     Head      : Se 600-900#          $223.66
  Live Steer:          1334   $151.95     6,704: Current Lds:           151.3
  Live Heifer:         1228   $152.17     3,338: Previous Lds:          118.5
  Drsd Steer:           875   $243.39     5,001
  Drsd Heifer:          813   $243.32     2,493
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       16.12
 Ch 600-900# :                 77.91%:         Steer Dressing % :      63.47%
 Ch 600-750# :                 23.76%:         Heifer Dressing %:      63.47%
 Ch 750-900# :                 54.15%:         Processing Cost  :       12.00
 Se 600-900# :                 22.09%:         Slaughter Cost   :       50.50
 Se 600-750# :                  3.49%:
 Se 750-900# :                 18.59%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 222.20                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -27.33    -13.44               -3.83    -22.50
-----------------------------------------------------------------------------
 Prime 1-3            14.27   $209.14   $223.03   $236.47   $232.64   $213.97
 Certified 1-3         5.08   $199.95   $213.84   $227.28   $223.45   $204.78
 Choice 1              3.37   $198.24   $212.13   $225.57   $221.74   $203.07
 Select 1             -3.32   $191.55   $205.44   $218.88   $215.05   $196.38
 Stndrd 1-3          -20.37   $174.50   $188.39   $201.83   $198.00   $179.33
 Prime 4               1.64   $196.51   $210.40   $223.84   $220.01   $201.34
 Choice 4            -11.33   $183.54   $197.43   $210.87   $207.04   $188.37
-----------------------------------------------------------------------------
*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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