Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Mon, Jul 21, 2014     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $233.15             $225.97
 Change =>                       0.86                0.70
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 152,303 head of cattle.
SUPPLY (Live)  87,405 Hd
Equivalent:                   $227.78             $219.85
DEMAND (Box)   64,898 Hd*
Equivalent:                   $238.52             $232.08
Live-Box Spread:             ($10.74)            ($12.23)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $250.52
                  Weight   Price     Head      : Se 600-900#          $244.08
  Live Steer:          1401   $155.99    43,945: Current Lds:           146.9
  Live Heifer:         1256   $155.99    17,942: Previous Lds:          156.0
  Drsd Steer:           892   $246.42    15,990
  Drsd Heifer:          790   $246.14     9,528
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       16.06
 Ch 600-900# :                 76.63%:         Steer Dressing % :      63.39%
 Ch 600-750# :                 24.27%:         Heifer Dressing %:      63.47%
 Ch 750-900# :                 52.37%:         Processing Cost  :       12.00
 Se 600-900# :                 23.37%:         Slaughter Cost   :       50.50
 Se 600-750# :                  4.28%:
 Se 750-900# :                 19.08%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 233.15                       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            14.72   $220.37   $234.04   $247.87   $243.53   $224.20
 Certified 1-3         5.22   $210.87   $224.54   $238.37   $234.03   $214.70
 Choice 1              3.25   $208.90   $222.57   $236.40   $232.06   $212.73
 Select 1             -4.17   $201.48   $215.15   $228.98   $224.64   $205.31
 Stndrd 1-3          -22.07   $183.58   $197.25   $211.08   $206.74   $187.41
 Prime 4               2.73   $208.38   $222.05   $235.88   $231.54   $212.21
 Choice 4            -10.77   $194.88   $208.55   $222.38   $218.04   $198.71
-----------------------------------------------------------------------------
*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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