Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Wed, Mar 12, 2014     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $223.85             $219.24
 Change =>                      -0.04               -0.54
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 91,266 head of cattle.
SUPPLY (Live)  51,157 Hd
Equivalent:                   $218.20             $213.72
DEMAND (Box)   40,109 Hd*
Equivalent:                   $229.51             $224.76
Live-Box Spread:             ($11.31)            ($11.04)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $241.51
                  Weight   Price     Head      : Se 600-900#          $236.76
  Live Steer:          1378   $148.78    19,568: Current Lds:           140.9
  Live Heifer:         1283   $148.89    19,107: Previous Lds:          106.0
  Drsd Steer:           900   $238.21     8,235
  Drsd Heifer:          845   $237.29     4,247
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       15.68
 Ch 600-900# :                 78.30%:         Steer Dressing % :      63.04%
 Ch 600-750# :                 27.35%:         Heifer Dressing %:      62.91%
 Ch 750-900# :                 50.95%:         Processing Cost  :       12.00
 Se 600-900# :                 21.70%:         Slaughter Cost   :       50.50
 Se 600-750# :                  4.65%:
 Se 750-900# :                 17.05%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 223.85                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -27.33    -12.82               -3.99    -22.50
-----------------------------------------------------------------------------
 Prime 1-3            14.08   $210.60   $225.11   $237.93   $233.94   $215.43
 Certified 1-3         4.97   $201.49   $216.00   $228.82   $224.83   $206.32
 Choice 1              3.37   $199.89   $214.40   $227.22   $223.23   $204.72
 Select 1             -0.55   $195.97   $210.48   $223.30   $219.31   $200.80
 Stndrd 1-3          -19.10   $177.42   $191.93   $204.75   $200.76   $182.25
 Prime 4               1.45   $197.97   $212.48   $225.30   $221.31   $202.80
 Choice 4            -11.33   $185.19   $199.70   $212.52   $208.53   $190.02
-----------------------------------------------------------------------------
*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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