Markets

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Thu, Nov 20, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $245.53             $233.21

 Change =>                       0.06                0.22

-----------------------------------------------------------------------------

Current Index Reflects the Equivalent of 128,139 head of cattle.

SUPPLY (Live)  66,943 Hd

Equivalent:                   $247.67             $235.43

DEMAND (Box)   61,196 Hd*

Equivalent:                   $243.39             $230.99

Live-Box Spread:               $4.28               $4.44

----------------------------  Input Breakdown   -----------------------------

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $255.39

                  Weight   Price     Head      : Se 600-900#          $242.99

  Live Steer:          1453   $169.83    20,008: Current Lds:           138.2

  Live Heifer:         1320   $170.11    20,070: Previous Lds:          177.3

  Drsd Steer:           938   $264.85    17,836

  Drsd Heifer:          856   $265.48     9,029

-----------------------------------------------------------------------------

      Grading % Breakdown            :         Drop Credit      :       16.62

 Ch 600-900# :                 75.47%:         Steer Dressing % :      63.95%

 Ch 600-750# :                 23.85%:         Heifer Dressing %:      63.82%

 Ch 750-900# :                 51.63%:         Processing Cost  :       12.00

 Se 600-900# :                 24.53%:         Slaughter Cost   :       50.50

 Se 600-750# :                  5.97%:

 Se 750-900# :                 18.55%:

-----------------------------------------------------------------------------

 Equivalent Values for Outlying Beef Carcass Types

 Basis Value = 245.53                       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            15.05   $233.08   $246.75   $260.58   $256.24   $236.91

 Certified 1-3         5.22   $223.25   $236.92   $250.75   $246.41   $227.08

 Choice 1              3.25   $221.28   $234.95   $248.78   $244.44   $225.11

 Select 1             -8.50   $209.53   $223.20   $237.03   $232.69   $213.36

 Stndrd 1-3          -24.71   $193.32   $206.99   $220.82   $216.48   $197.15

 Prime 4               3.06   $221.09   $234.76   $248.59   $244.25   $224.92

 Choice 4            -10.77   $207.26   $220.93   $234.76   $230.42   $211.09

-----------------------------------------------------------------------------

*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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