Markets

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Mon, Dec 15, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $237.04             $224.71

 Change =>                      -1.47               -1.81

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

Current Index Reflects the Equivalent of 105,902 head of cattle.

SUPPLY (Live)  42,561 Hd

Equivalent:                   $240.55             $226.74

DEMAND (Box)   63,341 Hd*

Equivalent:                   $233.52             $222.67

Live-Box Spread:               $7.03               $4.07

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $245.52

                  Weight   Price     Head      : Se 600-900#          $234.67

  Live Steer:          1445   $162.58    15,049: Current Lds:           112.7

  Live Heifer:         1262   $163.06     9,405: Previous Lds:          200.8

  Drsd Steer:           938   $256.15    13,139

  Drsd Heifer:          857   $256.09     4,968

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

      Grading % Breakdown            :         Drop Credit      :       15.93

 Ch 600-900# :                 77.23%:         Steer Dressing % :      63.54%

 Ch 600-750# :                 24.62%:         Heifer Dressing %:      63.55%

 Ch 750-900# :                 52.61%:         Processing Cost  :       12.00

 Se 600-900# :                 22.77%:         Slaughter Cost   :       50.50

 Se 600-750# :                  4.32%:

 Se 750-900# :                 18.45%:

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

 Equivalent Values for Outlying Beef Carcass Types

 Basis Value = 237.04                       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            14.39   $223.93   $237.60   $251.43   $247.09   $227.76

 Certified 1-3         5.00   $214.54   $228.21   $242.04   $237.70   $218.37

 Choice 1              3.25   $212.79   $226.46   $240.29   $235.95   $216.62

 Select 1            -10.08   $199.46   $213.13   $226.96   $222.62   $203.29

 Stndrd 1-3          -25.99   $183.55   $197.22   $211.05   $206.71   $187.38

 Prime 4               2.40   $211.94   $225.61   $239.44   $235.10   $215.77

 Choice 4            -10.77   $198.77   $212.44   $226.27   $221.93   $202.60

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

*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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