Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Tue, Jun 17, 2014     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $222.36             $213.31
 Change =>                       1.24                1.54
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 141,230 head of cattle.
SUPPLY (Live)  78,429 Hd
Equivalent:                   $219.92             $209.35
DEMAND (Box)   62,801 Hd*
Equivalent:                   $224.80             $217.27
Live-Box Spread:              ($4.88)             ($7.92)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $236.80
                  Weight   Price     Head      : Se 600-900#          $229.27
  Live Steer:          1369   $149.43    39,345: Current Lds:           168.8
  Live Heifer:         1242   $149.27    19,188: Previous Lds:          130.7
  Drsd Steer:           891   $236.30    14,409
  Drsd Heifer:          821   $235.86     5,487
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       15.50
 Ch 600-900# :                 74.64%:         Steer Dressing % :      63.28%
 Ch 600-750# :                 24.27%:         Heifer Dressing %:      63.21%
 Ch 750-900# :                 50.37%:         Processing Cost  :       12.00
 Se 600-900# :                 25.36%:         Slaughter Cost   :       50.50
 Se 600-750# :                  5.99%:
 Se 750-900# :                 19.37%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 222.36                       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            14.79   $209.65   $223.32   $237.15   $232.81   $213.48
 Certified 1-3         5.11   $199.97   $213.64   $227.47   $223.13   $203.80
 Choice 1              3.25   $198.11   $211.78   $225.61   $221.27   $201.94
 Select 1             -6.83   $188.03   $201.70   $215.53   $211.19   $191.86
 Stndrd 1-3          -23.49   $171.37   $185.04   $198.87   $194.53   $175.20
 Prime 4               2.80   $197.66   $211.33   $225.16   $220.82   $201.49
 Choice 4            -10.77   $184.09   $197.76   $211.59   $207.25   $187.92
-----------------------------------------------------------------------------
*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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