Markets

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Wed, Nov 26, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $248.28             $235.14

 Change =>                       0.09                0.13

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

Current Index Reflects the Equivalent of 107,224 head of cattle.

SUPPLY (Live)  52,424 Hd

Equivalent:                   $251.43             $238.28

DEMAND (Box)   54,800 Hd*

Equivalent:                   $245.13             $232.00

Live-Box Spread:               $6.30               $6.28

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $257.13

                  Weight   Price     Head      : Se 600-900#          $244.00

  Live Steer:          1465   $171.06    20,058: Current Lds:           193.6

  Live Heifer:         1309   $171.78    14,535: Previous Lds:          154.1

  Drsd Steer:           939   $267.37    10,725

  Drsd Heifer:          841   $267.55     7,106

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

      Grading % Breakdown            :         Drop Credit      :       16.48

 Ch 600-900# :                 75.97%:         Steer Dressing % :      63.47%

 Ch 600-750# :                 25.62%:         Heifer Dressing %:      63.41%

 Ch 750-900# :                 50.34%:         Processing Cost  :       12.00

 Se 600-900# :                 24.03%:         Slaughter Cost   :       50.50

 Se 600-750# :                  3.87%:

 Se 750-900# :                 20.17%:

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

 Equivalent Values for Outlying Beef Carcass Types

 Basis Value = 248.28                       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            14.79   $235.57   $249.24   $263.07   $258.73   $239.40

 Certified 1-3         5.22   $226.00   $239.67   $253.50   $249.16   $229.83

 Choice 1              3.25   $224.03   $237.70   $251.53   $247.19   $227.86

 Select 1             -9.42   $211.36   $225.03   $238.86   $234.52   $215.19

 Stndrd 1-3          -25.42   $195.36   $209.03   $222.86   $218.52   $199.19

 Prime 4               2.80   $223.58   $237.25   $251.08   $246.74   $227.41

 Choice 4            -10.77   $210.01   $223.68   $237.51   $233.17   $213.84

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

*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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