Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Fri, Apr 04, 2014     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $218.61             $209.31
 Change =>                      -1.88               -2.29
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 59,884 head of cattle.
SUPPLY (Live)  4,533 Hd
Equivalent:                   $220.48             $213.25
DEMAND (Box)   55,351 Hd*
Equivalent:                   $216.74             $205.37
Live-Box Spread:               $3.74               $7.88
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $228.74
                  Weight   Price     Head      : Se 600-900#          $217.37
  Live Steer:          1324   $150.76     2,459: Current Lds:           166.4
  Live Heifer:         1220   $150.91     1,415: Previous Lds:          175.4
  Drsd Steer:           875   $243.08       579
  Drsd Heifer:          797   $241.50        80
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       16.09
 Ch 600-900# :                 77.91%:         Steer Dressing % :      63.38%
 Ch 600-750# :                 23.76%:         Heifer Dressing %:      63.30%
 Ch 750-900# :                 54.15%:         Processing Cost  :       12.00
 Se 600-900# :                 22.09%:         Slaughter Cost   :       50.50
 Se 600-750# :                  3.49%:
 Se 750-900# :                 18.59%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 218.61                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -27.33    -13.44               -3.83    -22.50
-----------------------------------------------------------------------------
 Prime 1-3            14.27   $205.55   $219.44   $232.88   $229.05   $210.38
 Certified 1-3         5.08   $196.36   $210.25   $223.69   $219.86   $201.19
 Choice 1              3.37   $194.65   $208.54   $221.98   $218.15   $199.48
 Select 1             -3.32   $187.96   $201.85   $215.29   $211.46   $192.79
 Stndrd 1-3          -20.37   $170.91   $184.80   $198.24   $194.41   $175.74
 Prime 4               1.64   $192.92   $206.81   $220.25   $216.42   $197.75
 Choice 4            -11.33   $179.95   $193.84   $207.28   $203.45   $184.78
-----------------------------------------------------------------------------
*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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