Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Fri, Aug 29, 2014     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $229.56             $219.35
 Change =>                       0.51                0.36
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 90,660 head of cattle.
SUPPLY (Live)  17,197 Hd
Equivalent:                   $224.81             $216.31
DEMAND (Box)   73,463 Hd*
Equivalent:                   $234.30             $222.39
Live-Box Spread:              ($9.49)             ($6.08)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $246.30
                  Weight   Price     Head      : Se 600-900#          $234.39
  Live Steer:          1544   $154.42     9,310: Current Lds:           249.7
  Live Heifer:         1295   $154.48     5,485: Previous Lds:          179.5
  Drsd Steer:           886   $242.76     1,796
  Drsd Heifer:          854   $242.08       606
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       16.71
 Ch 600-900# :                 75.89%:         Steer Dressing % :      63.22%
 Ch 600-750# :                 24.61%:         Heifer Dressing %:      63.06%
 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 = 229.56                       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   $217.18   $230.85   $244.68   $240.34   $221.01
 Certified 1-3         4.89   $206.95   $220.62   $234.45   $230.11   $210.78
 Choice 1              3.25   $205.31   $218.98   $232.81   $228.47   $209.14
 Select 1             -4.75   $197.31   $210.98   $224.81   $220.47   $201.14
 Stndrd 1-3          -22.14   $179.92   $193.59   $207.42   $203.08   $183.75
 Prime 4               3.13   $205.19   $218.86   $232.69   $228.35   $209.02
 Choice 4            -10.77   $191.29   $204.96   $218.79   $214.45   $195.12
-----------------------------------------------------------------------------
*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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