Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Mon, Sep 08, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $235.12             $222.56

 Change =>                       2.94                1.98

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

Current Index Reflects the Equivalent of 214,211 head of cattle.

SUPPLY (Live)  133,231 Hd

Equivalent:                   $230.85             $219.28

DEMAND (Box)   80,980 Hd*

Equivalent:                   $239.39             $225.84

Live-Box Spread:              ($8.54)             ($6.56)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $251.39

                  Weight   Price     Head      : Se 600-900#          $237.84

  Live Steer:          1416   $158.56    50,517: Current Lds:           155.0

  Live Heifer:         1270   $158.62    36,782: Previous Lds:          188.3

  Drsd Steer:           916   $247.67    30,599

  Drsd Heifer:          812   $248.10    15,333

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

      Grading % Breakdown            :         Drop Credit      :       16.70

 Ch 600-900# :                 75.28%:         Steer Dressing % :      63.67%

 Ch 600-750# :                 25.96%:         Heifer Dressing %:      63.58%

 Ch 750-900# :                 49.32%:         Processing Cost  :       12.00

 Se 600-900# :                 24.72%:         Slaughter Cost   :       50.50

 Se 600-750# :                  6.64%:

 Se 750-900# :                 18.08%:

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

 Equivalent Values for Outlying Beef Carcass Types

 Basis Value = 235.12                       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            15.32   $222.94   $236.61   $250.44   $246.10   $226.77

 Certified 1-3         4.66   $212.28   $225.95   $239.78   $235.44   $216.11

 Choice 1              3.25   $210.87   $224.54   $238.37   $234.03   $214.70

 Select 1             -7.83   $199.79   $213.46   $227.29   $222.95   $203.62

 Stndrd 1-3          -23.71   $183.91   $197.58   $211.41   $207.07   $187.74

 Prime 4               3.33   $210.95   $224.62   $238.45   $234.11   $214.78

 Choice 4            -10.77   $196.85   $210.52   $224.35   $220.01   $200.68

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

*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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