USDA Meat Prices: Carcass Price Equivalent Index – Jul 7

NW_LS410 
Des Moines, IA     Thu, Jul 07, 2016     USDA Market News 
 
USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE 
 
                             CHOICE              SELECT 
Index                       600-900#            600-900# 
 Values =>                    $191.37             $176.96 
 Change =>                       0.51                0.05 
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Current Index Reflects the Equivalent of 173,729 head of cattle. 
SUPPLY (Live)  119,288 Hd 
Equivalent:                   $184.70             $168.93 
DEMAND (Box)   54,441 Hd* 
Equivalent:                   $198.05             $184.98 
Live-Box Spread:             ($13.35)            ($16.05) 
----------------------------  Input Breakdown   ----------------------------- 
         National Daily Direct Cattle          :      Boxed Beef Cutouts 
        (5 day accumulated wghtd avg)          : Ch 600-900#          $210.05 
                  Weight   Price     Head      : Se 600-900#          $196.98 
  Live Steer:          1428   $122.43    61,564: Current Lds:           160.1 
  Live Heifer:         1258   $122.32    22,147: Previous Lds:          190.7 
  Drsd Steer:           913   $195.35    25,840 
  Drsd Heifer:          816   $194.64     9,737 
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      Grading % Breakdown            :         Drop Credit      :       11.26 
 Ch 600-900# :                 80.31%:         Steer Dressing % :      63.22% 
 Ch 600-750# :                 27.88%:         Heifer Dressing %:      63.24% 
 Ch 750-900# :                 52.44%:         Processing Cost  :       12.00 
 Se 600-900# :                 19.69%:         Slaughter Cost   :       50.50 
 Se 600-750# :                  4.42%: 
 Se 750-900# :                 15.27%: 
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 Equivalent Values for Outlying Beef Carcass Types 
 Basis Value = 191.37                       Carcass Weights 
                             400-500#500-600#  600-900#  900-1000#  1000#/up 
 Qlty/Yield      (1)           -28.46    -14.25               -4.65    -23.93 
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 Prime 1-3            14.14   $177.05   $191.26   $205.51   $200.86   $181.58 
 Certified 1-3         4.96   $167.87   $182.08   $196.33   $191.68   $172.40 
 Choice 1              3.69   $166.60   $180.81   $195.06   $190.41   $171.13 
 Select 1            -11.51   $151.40   $165.61   $179.86   $175.21   $155.93 
 Stndrd 1-3          -27.77   $135.14   $149.35   $163.60   $158.95   $139.67 
 Prime 4               1.01   $163.92   $178.13   $192.38   $187.73   $168.45 
 Choice 4            -11.67   $151.24   $165.45   $179.70   $175.05   $155.77 
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*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[a]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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