Markets

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Fri, Jan 09, 2015     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $248.37             $239.18

 Change =>                       2.65                2.99

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

Current Index Reflects the Equivalent of 162,902 head of cattle.

SUPPLY (Live)  97,435 Hd

Equivalent:                   $251.96             $242.13

DEMAND (Box)   65,467 Hd*

Equivalent:                   $244.79             $236.23

Live-Box Spread:               $7.17               $5.90

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $256.79

                  Weight   Price     Head      : Se 600-900#          $248.23

  Live Steer:          1435   $170.08    38,728: Current Lds:           162.5

  Live Heifer:         1311   $170.26    24,838: Previous Lds:          157.8

  Drsd Steer:           925   $270.39    20,615

  Drsd Heifer:          832   $270.08    13,254

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

      Grading % Breakdown            :         Drop Credit      :       15.34

 Ch 600-900# :                 78.33%:         Steer Dressing % :      63.42%

 Ch 600-750# :                 26.05%:         Heifer Dressing %:      63.46%

 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 = 248.37                       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   $235.26   $248.93   $262.76   $258.67   $239.09

 Certified 1-3         4.78   $225.65   $239.32   $253.15   $249.06   $229.48

 Choice 1              3.25   $224.12   $237.79   $251.62   $247.53   $227.95

 Select 1             -6.08   $214.79   $228.46   $242.29   $238.20   $218.62

 Stndrd 1-3          -23.99   $196.88   $210.55   $224.38   $220.29   $200.71

 Prime 4               2.40   $223.27   $236.94   $250.77   $246.68   $227.10

 Choice 4            -10.77   $210.10   $223.77   $237.60   $233.51   $213.93

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

*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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