Markets

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Wed, Dec 31, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $238.40             $227.86

 Change =>                       0.99                1.05

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

Current Index Reflects the Equivalent of 101,185 head of cattle.

SUPPLY (Live)  52,842 Hd

Equivalent:                   $239.89             $229.15

DEMAND (Box)   48,343 Hd*

Equivalent:                   $236.90             $226.57

Live-Box Spread:               $2.99               $2.58

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $248.90

                  Weight   Price     Head      : Se 600-900#          $238.57

  Live Steer:          1433   $161.97    18,991: Current Lds:           162.9

  Live Heifer:         1295   $162.34    12,797: Previous Lds:          157.1

  Drsd Steer:           926   $257.08    15,486

  Drsd Heifer:          838   $257.70     5,568

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

      Grading % Breakdown            :         Drop Credit      :       15.49

 Ch 600-900# :                 77.40%:         Steer Dressing % :      63.27%

 Ch 600-750# :                 25.03%:         Heifer Dressing %:      63.23%

 Ch 750-900# :                 52.37%:         Processing Cost  :       12.00

 Se 600-900# :                 22.60%:         Slaughter Cost   :       50.50

 Se 600-750# :                  4.93%:

 Se 750-900# :                 17.67%:

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

 Equivalent Values for Outlying Beef Carcass Types

 Basis Value = 238.40                       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            14.05   $224.95   $238.62   $252.45   $248.36   $228.78

 Certified 1-3         4.66   $215.56   $229.23   $243.06   $238.97   $219.39

 Choice 1              3.25   $214.15   $227.82   $241.65   $237.56   $217.98

 Select 1             -7.00   $203.90   $217.57   $231.40   $227.31   $207.73

 Stndrd 1-3          -24.57   $186.33   $200.00   $213.83   $209.74   $190.16

 Prime 4               2.06   $212.96   $226.63   $240.46   $236.37   $216.79

 Choice 4            -10.77   $200.13   $213.80   $227.63   $223.54   $203.96

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

*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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