Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Mon, Mar 03, 2014     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $218.63             $216.27
 Change =>                       4.11                4.56
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 137,255 head of cattle.
SUPPLY (Live)  83,439 Hd
Equivalent:                   $220.14             $216.73
DEMAND (Box)   53,816 Hd*
Equivalent:                   $217.12             $215.81
Live-Box Spread:               $3.02               $0.92
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $229.12
                  Weight   Price     Head      : Se 600-900#          $227.81
  Live Steer:          1376   $150.44    33,279: Current Lds:           145.5
  Live Heifer:         1287   $150.51    26,652: Previous Lds:          102.4
  Drsd Steer:           909   $239.69    15,129
  Drsd Heifer:          851   $239.91     8,379
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       15.46
 Ch 600-900# :                 77.78%:         Steer Dressing % :      63.23%
 Ch 600-750# :                 25.67%:         Heifer Dressing %:      63.17%
 Ch 750-900# :                 52.11%:         Processing Cost  :       12.00
 Se 600-900# :                 22.22%:         Slaughter Cost   :       50.50
 Se 600-750# :                  4.30%:
 Se 750-900# :                 17.91%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 218.63                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -27.33    -12.82               -3.83    -22.50
-----------------------------------------------------------------------------
 Prime 1-3            13.83   $205.13   $219.64   $232.46   $228.63   $209.96
 Certified 1-3         4.97   $196.27   $210.78   $223.60   $219.77   $201.10
 Choice 1              3.37   $194.67   $209.18   $222.00   $218.17   $199.50
 Select 1              0.52   $191.82   $206.33   $219.15   $215.32   $196.65
 Stndrd 1-3          -18.57   $172.73   $187.24   $200.06   $196.23   $177.56
 Prime 4               1.20   $192.50   $207.01   $219.83   $216.00   $197.33
 Choice 4            -11.33   $179.97   $194.48   $207.30   $203.47   $184.80
-----------------------------------------------------------------------------
*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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