Markets

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Fri, Nov 21, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $245.69             $232.93

 Change =>                       0.16               -0.28

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

Current Index Reflects the Equivalent of 123,171 head of cattle.

SUPPLY (Live)  67,204 Hd

Equivalent:                   $248.16             $235.92

DEMAND (Box)   55,967 Hd*

Equivalent:                   $243.22             $229.93

Live-Box Spread:               $4.94               $5.99

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $255.22

                  Weight   Price     Head      : Se 600-900#          $241.93

  Live Steer:          1455   $169.87    20,108: Current Lds:           121.7

  Live Heifer:         1320   $170.10    20,371: Previous Lds:          138.2

  Drsd Steer:           938   $264.87    17,840

  Drsd Heifer:          858   $265.56     8,885

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

      Grading % Breakdown            :         Drop Credit      :       16.33

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

 Ch 600-750# :                 23.85%:         Heifer Dressing %:      63.81%

 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 = 245.69                       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   $233.24   $246.91   $260.74   $256.40   $237.07

 Certified 1-3         5.22   $223.41   $237.08   $250.91   $246.57   $227.24

 Choice 1              3.25   $221.44   $235.11   $248.94   $244.60   $225.27

 Select 1             -8.50   $209.69   $223.36   $237.19   $232.85   $213.52

 Stndrd 1-3          -24.71   $193.48   $207.15   $220.98   $216.64   $197.31

 Prime 4               3.06   $221.25   $234.92   $248.75   $244.41   $225.08

 Choice 4            -10.77   $207.42   $221.09   $234.92   $230.58   $211.25

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

*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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