Markets

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Wed, Dec 24, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $232.28             $220.66

 Change =>                       0.68                0.97

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

Current Index Reflects the Equivalent of 100,357 head of cattle.

SUPPLY (Live)  40,661 Hd

Equivalent:                   $232.62             $220.13

DEMAND (Box)   59,696 Hd*

Equivalent:                   $231.94             $221.19

Live-Box Spread:               $0.68              ($1.06)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $243.94

                  Weight   Price     Head      : Se 600-900#          $233.19

  Live Steer:          1447   $158.67    19,073: Current Lds:           147.8

  Live Heifer:         1323   $157.72     8,764: Previous Lds:          198.9

  Drsd Steer:           933   $249.95     8,984

  Drsd Heifer:          853   $249.78     3,840

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

      Grading % Breakdown            :         Drop Credit      :       15.73

 Ch 600-900# :                 77.33%:         Steer Dressing % :      63.62%

 Ch 600-750# :                 22.98%:         Heifer Dressing %:      63.49%

 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 = 232.28                       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   $218.97   $232.64   $246.47   $242.38   $222.80

 Certified 1-3         4.89   $209.67   $223.34   $237.17   $233.08   $213.50

 Choice 1              3.25   $208.03   $221.70   $235.53   $231.44   $211.86

 Select 1             -8.75   $196.03   $209.70   $223.53   $219.44   $199.86

 Stndrd 1-3          -25.49   $179.29   $192.96   $206.79   $202.70   $183.12

 Prime 4               2.20   $206.98   $220.65   $234.48   $230.39   $210.81

 Choice 4            -10.77   $194.01   $207.68   $221.51   $217.42   $197.84

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

*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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