Markets

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Thu, Dec 11, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $240.28             $227.83

 Change =>                      -1.27               -0.40

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

Current Index Reflects the Equivalent of 104,886 head of cattle.

SUPPLY (Live)  40,902 Hd

Equivalent:                   $244.77             $231.71

DEMAND (Box)   63,984 Hd*

Equivalent:                   $235.79             $223.94

Live-Box Spread:               $8.98               $7.77

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $247.79

                  Weight   Price     Head      : Se 600-900#          $235.94

  Live Steer:          1442   $166.66    13,649: Current Lds:           159.0

  Live Heifer:         1289   $166.71     8,928: Previous Lds:          220.7

  Drsd Steer:           940   $263.22    10,977

  Drsd Heifer:         1222   $263.55     7,348

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

      Grading % Breakdown            :         Drop Credit      :       16.18

 Ch 600-900# :                 76.90%:         Steer Dressing % :      63.67%

 Ch 600-750# :                 24.00%:         Heifer Dressing %:      63.65%

 Ch 750-900# :                 52.90%:         Processing Cost  :       12.00

 Se 600-900# :                 23.10%:         Slaughter Cost   :       50.50

 Se 600-750# :                  4.17%:

 Se 750-900# :                 18.94%:

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

 Equivalent Values for Outlying Beef Carcass Types

 Basis Value = 240.28                       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            14.45   $227.23   $240.90   $254.73   $250.39   $231.06

 Certified 1-3         5.22   $218.00   $231.67   $245.50   $241.16   $221.83

 Choice 1              3.25   $216.03   $229.70   $243.53   $239.19   $219.86

 Select 1             -9.33   $203.45   $217.12   $230.95   $226.61   $207.28

 Stndrd 1-3          -25.64   $187.14   $200.81   $214.64   $210.30   $190.97

 Prime 4               2.46   $215.24   $228.91   $242.74   $238.40   $219.07

 Choice 4            -10.77   $202.01   $215.68   $229.51   $225.17   $205.84

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

*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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