USDA Market Reports

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Thu, Dec 18, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $234.07             $221.35

 Change =>                      -1.07               -1.25

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

Current Index Reflects the Equivalent of 123,352 head of cattle.

SUPPLY (Live)  60,155 Hd

Equivalent:                   $238.20             $224.39

DEMAND (Box)   63,197 Hd*

Equivalent:                   $229.95             $218.32

Live-Box Spread:               $8.25               $6.07

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $241.95

                  Weight   Price     Head      : Se 600-900#          $230.32

  Live Steer:          1436   $160.44    23,131: Current Lds:           136.4

  Live Heifer:         1265   $160.92    12,146: Previous Lds:          203.6

  Drsd Steer:           933   $254.25    17,438

  Drsd Heifer:          859   $253.72     7,440

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

      Grading % Breakdown            :         Drop Credit      :       15.75

 Ch 600-900# :                 77.23%:         Steer Dressing % :      63.46%

 Ch 600-750# :                 24.62%:         Heifer Dressing %:      63.44%

 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 = 234.07                       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   $220.96   $234.63   $248.46   $244.12   $224.79

 Certified 1-3         5.00   $211.57   $225.24   $239.07   $234.73   $215.40

 Choice 1              3.25   $209.82   $223.49   $237.32   $232.98   $213.65

 Select 1            -10.08   $196.49   $210.16   $223.99   $219.65   $200.32

 Stndrd 1-3          -25.99   $180.58   $194.25   $208.08   $203.74   $184.41

 Prime 4               2.40   $208.97   $222.64   $236.47   $232.13   $212.80

 Choice 4            -10.77   $195.80   $209.47   $223.30   $218.96   $199.63

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

*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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