Markets

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Fri, Nov 28, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $248.88             $236.53

 Change =>                       0.60                1.39

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

Current Index Reflects the Equivalent of 125,110 head of cattle.

SUPPLY (Live)  75,594 Hd

Equivalent:                   $252.36             $239.21

DEMAND (Box)   49,516 Hd*

Equivalent:                   $245.40             $233.85

Live-Box Spread:               $6.96               $5.36

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $257.40

                  Weight   Price     Head      : Se 600-900#          $245.85

  Live Steer:          1442   $171.45    29,643: Current Lds:            67.8

  Live Heifer:         1299   $171.93    23,282: Previous Lds:          193.6

  Drsd Steer:           937   $267.13    14,211

  Drsd Heifer:          843   $267.47     8,458

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

      Grading % Breakdown            :         Drop Credit      :       16.46

 Ch 600-900# :                 75.97%:         Steer Dressing % :      63.29%

 Ch 600-750# :                 25.62%:         Heifer Dressing %:      63.24%

 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 = 248.88                       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   $236.17   $249.84   $263.67   $259.33   $240.00

 Certified 1-3         5.22   $226.60   $240.27   $254.10   $249.76   $230.43

 Choice 1              3.25   $224.63   $238.30   $252.13   $247.79   $228.46

 Select 1             -9.42   $211.96   $225.63   $239.46   $235.12   $215.79

 Stndrd 1-3          -25.42   $195.96   $209.63   $223.46   $219.12   $199.79

 Prime 4               2.80   $224.18   $237.85   $251.68   $247.34   $228.01

 Choice 4            -10.77   $210.61   $224.28   $238.11   $233.77   $214.44

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

*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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