Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Thu, Aug 07, 2014     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $243.29             $236.91
 Change =>                       0.22               -0.26
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 120,896 head of cattle.
SUPPLY (Live)  66,904 Hd
Equivalent:                   $236.16             $230.56
DEMAND (Box)   53,992 Hd*
Equivalent:                   $250.41             $243.26
Live-Box Spread:             ($14.25)            ($12.70)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $262.41
                  Weight   Price     Head      : Se 600-900#          $255.26
  Live Steer:          1404   $162.76    35,184: Current Lds:           149.0
  Live Heifer:         1255   $163.18    14,945: Previous Lds:          209.3
  Drsd Steer:           887   $255.90    11,654
  Drsd Heifer:          790   $255.75     5,121
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       16.51
 Ch 600-900# :                 76.68%:         Steer Dressing % :      63.79%
 Ch 600-750# :                 26.26%:         Heifer Dressing %:      63.75%
 Ch 750-900# :                 50.42%:         Processing Cost  :       12.00
 Se 600-900# :                 23.32%:         Slaughter Cost   :       50.50
 Se 600-750# :                  4.71%:
 Se 750-900# :                 18.61%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 243.29                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -27.50    -13.83               -4.34    -23.00
-----------------------------------------------------------------------------
 Prime 1-3            14.92   $230.71   $244.38   $258.21   $253.87   $235.21
 Certified 1-3         4.89   $220.68   $234.35   $248.18   $243.84   $225.18
 Choice 1              3.25   $219.04   $232.71   $246.54   $242.20   $223.54
 Select 1             -1.83   $213.96   $227.63   $241.46   $237.12   $218.46
 Stndrd 1-3          -21.07   $194.72   $208.39   $222.22   $217.88   $199.22
 Prime 4               2.93   $218.72   $232.39   $246.22   $241.88   $223.22
 Choice 4            -10.77   $205.02   $218.69   $232.52   $228.18   $209.52
-----------------------------------------------------------------------------
*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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