USDA Market Reports

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Wed, Oct 14, 2015     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $191.96             $186.08

 Change =>                       1.09                1.16

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

Current Index Reflects the Equivalent of 125,079 head of cattle.

SUPPLY (Live)  58,690 Hd

Equivalent:                   $185.32             $178.54

DEMAND (Box)   66,389 Hd*

Equivalent:                   $198.61             $193.62

Live-Box Spread:             ($13.29)            ($15.08)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $210.61

                  Weight   Price     Head      : Se 600-900#          $205.62

  Live Steer:          1469   $125.46    20,723: Current Lds:           166.1

  Live Heifer:         1322   $125.44    12,797: Previous Lds:          165.6

  Drsd Steer:           962   $196.03    16,309

  Drsd Heifer:          847   $196.59     8,861

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

      Grading % Breakdown            :         Drop Credit      :       11.21

 Ch 600-900# :                 80.41%:         Steer Dressing % :      63.70%

 Ch 600-750# :                 27.42%:         Heifer Dressing %:      63.67%

 Ch 750-900# :                 52.99%:         Processing Cost  :       12.00

 Se 600-900# :                 19.59%:         Slaughter Cost   :       50.50

 Se 600-750# :                  5.15%:

 Se 750-900# :                 14.44%:

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

 Equivalent Values for Outlying Beef Carcass Types

 Basis Value = 191.96                       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            14.56   $179.02   $192.69   $206.52   $202.18   $182.85

 Certified 1-3         4.79   $169.25   $182.92   $196.75   $192.41   $173.08

 Choice 1              3.71   $168.17   $181.84   $195.67   $191.33   $172.00

 Select 1             -2.46   $162.00   $175.67   $189.50   $185.16   $165.83

 Stndrd 1-3          -22.61   $141.85   $155.52   $169.35   $165.01   $145.68

 Prime 4               1.72   $166.18   $179.85   $193.68   $189.34   $170.01

 Choice 4            -11.38   $153.08   $166.75   $180.58   $176.24   $156.91

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

*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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