Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Tue, Aug 26, 2014     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $229.47             $220.22
 Change =>                      -0.58               -0.27
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 138,043 head of cattle.
SUPPLY (Live)  75,209 Hd
Equivalent:                   $222.46             $213.95
DEMAND (Box)   62,834 Hd*
Equivalent:                   $236.48             $226.48
Live-Box Spread:             ($14.02)            ($12.53)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $248.48
                  Weight   Price     Head      : Se 600-900#          $238.48
  Live Steer:          1452   $153.11    31,515: Current Lds:           183.7
  Live Heifer:         1276   $153.17    16,631: Previous Lds:          135.1
  Drsd Steer:           909   $241.92    17,975
  Drsd Heifer:          795   $241.50     9,088
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       16.59
 Ch 600-900# :                 75.89%:         Steer Dressing % :      63.53%
 Ch 600-750# :                 24.61%:         Heifer Dressing %:      63.50%
 Ch 750-900# :                 51.28%:         Processing Cost  :       12.00
 Se 600-900# :                 24.11%:         Slaughter Cost   :       50.50
 Se 600-750# :                  5.27%:
 Se 750-900# :                 18.84%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 229.47                       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            15.12   $217.09   $230.76   $244.59   $240.25   $220.92
 Certified 1-3         4.89   $206.86   $220.53   $234.36   $230.02   $210.69
 Choice 1              3.25   $205.22   $218.89   $232.72   $228.38   $209.05
 Select 1             -4.75   $197.22   $210.89   $224.72   $220.38   $201.05
 Stndrd 1-3          -22.14   $179.83   $193.50   $207.33   $202.99   $183.66
 Prime 4               3.13   $205.10   $218.77   $232.60   $228.26   $208.93
 Choice 4            -10.77   $191.20   $204.87   $218.70   $214.36   $195.03
-----------------------------------------------------------------------------
*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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