Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Thu, Jun 19, 2014     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $223.97             $215.00
 Change =>                       0.27                0.33
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 160,307 head of cattle.
SUPPLY (Live)  102,264 Hd
Equivalent:                   $219.48             $208.90
DEMAND (Box)   58,043 Hd*
Equivalent:                   $228.46             $221.09
Live-Box Spread:              ($8.98)            ($12.19)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $240.46
                  Weight   Price     Head      : Se 600-900#          $233.09
  Live Steer:          1376   $149.13    51,852: Current Lds:           136.9
  Live Heifer:         1243   $149.19    20,340: Previous Lds:          164.9
  Drsd Steer:           894   $236.13    21,607
  Drsd Heifer:          827   $235.69     8,465
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       15.56
 Ch 600-900# :                 74.64%:         Steer Dressing % :      63.25%
 Ch 600-750# :                 24.27%:         Heifer Dressing %:      63.25%
 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 = 223.97                       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   $211.26   $224.93   $238.76   $234.42   $215.09
 Certified 1-3         5.11   $201.58   $215.25   $229.08   $224.74   $205.41
 Choice 1              3.25   $199.72   $213.39   $227.22   $222.88   $203.55
 Select 1             -6.83   $189.64   $203.31   $217.14   $212.80   $193.47
 Stndrd 1-3          -23.49   $172.98   $186.65   $200.48   $196.14   $176.81
 Prime 4               2.80   $199.27   $212.94   $226.77   $222.43   $203.10
 Choice 4            -10.77   $185.70   $199.37   $213.20   $208.86   $189.53
-----------------------------------------------------------------------------
*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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