Markets

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Thu, Jan 08, 2015     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $245.72             $236.19

 Change =>                       1.23                1.93

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

Current Index Reflects the Equivalent of 202,241 head of cattle.

SUPPLY (Live)  141,081 Hd

Equivalent:                   $248.86             $239.04

DEMAND (Box)   61,160 Hd*

Equivalent:                   $242.57             $233.34

Live-Box Spread:               $6.29               $5.70

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $254.57

                  Weight   Price     Head      : Se 600-900#          $245.34

  Live Steer:          1440   $167.87    59,664: Current Lds:           157.8

  Live Heifer:         1305   $168.51    32,211: Previous Lds:          218.2

  Drsd Steer:           923   $267.97    29,318

  Drsd Heifer:          836   $268.06    19,888

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

      Grading % Breakdown            :         Drop Credit      :       15.49

 Ch 600-900# :                 78.33%:         Steer Dressing % :      63.41%

 Ch 600-750# :                 26.05%:         Heifer Dressing %:      63.45%

 Ch 750-900# :                 52.29%:         Processing Cost  :       12.00

 Se 600-900# :                 21.67%:         Slaughter Cost   :       50.50

 Se 600-750# :                  4.68%:

 Se 750-900# :                 16.99%:

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

 Equivalent Values for Outlying Beef Carcass Types

 Basis Value = 245.72                       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            14.39   $232.61   $246.28   $260.11   $256.02   $236.44

 Certified 1-3         4.78   $223.00   $236.67   $250.50   $246.41   $226.83

 Choice 1              3.25   $221.47   $235.14   $248.97   $244.88   $225.30

 Select 1             -6.08   $212.14   $225.81   $239.64   $235.55   $215.97

 Stndrd 1-3          -23.99   $194.23   $207.90   $221.73   $217.64   $198.06

 Prime 4               2.40   $220.62   $234.29   $248.12   $244.03   $224.45

 Choice 4            -10.77   $207.45   $221.12   $234.95   $230.86   $211.28

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

*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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