Markets

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Mon, Dec 22, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $230.07             $219.26

 Change =>                      -1.72               -1.28

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

Current Index Reflects the Equivalent of 107,330 head of cattle.

SUPPLY (Live)  44,175 Hd

Equivalent:                   $232.78             $220.30

DEMAND (Box)   63,155 Hd*

Equivalent:                   $227.36             $218.22

Live-Box Spread:               $5.42               $2.08

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $239.36

                  Weight   Price     Head      : Se 600-900#          $230.22

  Live Steer:          1443   $158.58    20,321: Current Lds:           128.0

  Live Heifer:         1323   $157.61     8,392: Previous Lds:          185.0

  Drsd Steer:           929   $250.27    11,138

  Drsd Heifer:          853   $250.02     4,324

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

      Grading % Breakdown            :         Drop Credit      :       15.62

 Ch 600-900# :                 77.33%:         Steer Dressing % :      63.64%

 Ch 600-750# :                 22.98%:         Heifer Dressing %:      63.51%

 Ch 750-900# :                 54.36%:         Processing Cost  :       12.00

 Se 600-900# :                 22.67%:         Slaughter Cost   :       50.50

 Se 600-750# :                  5.69%:

 Se 750-900# :                 16.98%:

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

 Equivalent Values for Outlying Beef Carcass Types

 Basis Value = 230.07                       Carcass Weights

                             400-500#500-600#  600-900#  900-1000#  1000#/up

 Qlty/Yield      (1)           -27.50    -13.83               -4.09    -23.67

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

 Prime 1-3            14.19   $216.76   $230.43   $244.26   $240.17   $220.59

 Certified 1-3         4.89   $207.46   $221.13   $234.96   $230.87   $211.29

 Choice 1              3.25   $205.82   $219.49   $233.32   $229.23   $209.65

 Select 1             -8.75   $193.82   $207.49   $221.32   $217.23   $197.65

 Stndrd 1-3          -25.49   $177.08   $190.75   $204.58   $200.49   $180.91

 Prime 4               2.20   $204.77   $218.44   $232.27   $228.18   $208.60

 Choice 4            -10.77   $191.80   $205.47   $219.30   $215.21   $195.63

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

*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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