I think consecrated bread and consecrated wine are more appropriate. For the bread is the body and blood. The wine is the body and blood. You cannot separate part of the Christ from the whole of the Christ. He is there entire in both consecrated species. So for a shorthand: use bread and wine.
I know a priest who cringes when hears of them refered to this way, but I still prefer this than ‘body’ or ‘blood’.
So I will continue using ‘consecrated bread’ or ‘consecrated wine’ since blood and body, soul and divinity, are all comingled in either specie. And when I decide only to receive one, rather than both, I still receive both the body and the blood.
[edit] After all, we want to sound like Catholics, not like Pharasees.*
First of all, we are Catholic. We must use the terms that the Church uses, mainly that at the consecration, the bread and wine become the Sacred Body and Blood of Christ. Peiod. It is not what you prefet to call it, it is what the Church mandates that we use the correct terminology. We need to express that which we believe in the terms used by the Church. To use the terms bread and wine after the consecration is to show a total disregard for the Sacred Body, Blood, Soul and Divinity of our Lord.