Markets

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Fri, Dec 12, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $238.51             $226.52

 Change =>                      -1.77               -1.31

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

Current Index Reflects the Equivalent of 94,937 head of cattle.

SUPPLY (Live)  31,417 Hd

Equivalent:                   $243.99             $230.93

DEMAND (Box)   63,520 Hd*

Equivalent:                   $233.03             $222.10

Live-Box Spread:              $10.96               $8.83

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $245.03

                  Weight   Price     Head      : Se 600-900#          $234.10

  Live Steer:          1438   $165.70    13,033: Current Lds:           200.8

  Live Heifer:         1288   $165.90     9,407: Previous Lds:          159.0

  Drsd Steer:           933   $259.80     4,436

  Drsd Heifer:          848   $260.29     4,541

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

      Grading % Breakdown            :         Drop Credit      :       15.93

 Ch 600-900# :                 76.90%:         Steer Dressing % :      63.43%

 Ch 600-750# :                 24.00%:         Heifer Dressing %:      63.48%

 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 = 238.51                       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   $225.46   $239.13   $252.96   $248.62   $229.29

 Certified 1-3         5.22   $216.23   $229.90   $243.73   $239.39   $220.06

 Choice 1              3.25   $214.26   $227.93   $241.76   $237.42   $218.09

 Select 1             -9.33   $201.68   $215.35   $229.18   $224.84   $205.51

 Stndrd 1-3          -25.64   $185.37   $199.04   $212.87   $208.53   $189.20

 Prime 4               2.46   $213.47   $227.14   $240.97   $236.63   $217.30

 Choice 4            -10.77   $200.24   $213.91   $227.74   $223.40   $204.07

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

*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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