Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Tue, Aug 19, 2014     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $232.49             $224.52
 Change =>                      -1.13               -1.37
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 142,455 head of cattle.
SUPPLY (Live)  76,060 Hd
Equivalent:                   $224.07             $217.14
DEMAND (Box)   66,395 Hd*
Equivalent:                   $240.91             $231.91
Live-Box Spread:             ($16.84)            ($14.77)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $252.91
                  Weight   Price     Head      : Se 600-900#          $243.91
  Live Steer:          1422   $154.90    29,997: Current Lds:           218.1
  Live Heifer:         1279   $154.52    17,867: Previous Lds:          152.5
  Drsd Steer:           913   $243.76    19,209
  Drsd Heifer:          801   $244.27     8,987
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       16.66
 Ch 600-900# :                 75.79%:         Steer Dressing % :      63.70%
 Ch 600-750# :                 25.21%:         Heifer Dressing %:      63.68%
 Ch 750-900# :                 50.58%:         Processing Cost  :       12.00
 Se 600-900# :                 24.21%:         Slaughter Cost   :       50.50
 Se 600-750# :                  5.63%:
 Se 750-900# :                 18.58%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 232.49                       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            14.92   $219.91   $233.58   $247.41   $243.07   $223.74
 Certified 1-3         5.11   $210.10   $223.77   $237.60   $233.26   $213.93
 Choice 1              3.25   $208.24   $221.91   $235.74   $231.40   $212.07
 Select 1             -3.17   $201.82   $215.49   $229.32   $224.98   $205.65
 Stndrd 1-3          -21.49   $183.50   $197.17   $211.00   $206.66   $187.33
 Prime 4               2.93   $207.92   $221.59   $235.42   $231.08   $211.75
 Choice 4            -10.77   $194.22   $207.89   $221.72   $217.38   $198.05
-----------------------------------------------------------------------------
*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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