Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Wed, Sep 10, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $236.92             $224.49

 Change =>                       0.19               -0.26

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

Current Index Reflects the Equivalent of 148,478 head of cattle.

SUPPLY (Live)  71,904 Hd

Equivalent:                   $234.37             $222.80

DEMAND (Box)   76,574 Hd*

Equivalent:                   $239.46             $226.18

Live-Box Spread:              ($5.09)             ($3.38)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $251.46

                  Weight   Price     Head      : Se 600-900#          $238.18

  Live Steer:          1418   $160.85    29,177: Current Lds:           235.7

  Live Heifer:         1262   $161.20    18,272: Previous Lds:          183.2

  Drsd Steer:           922   $250.51    16,273

  Drsd Heifer:          820   $251.12     8,182

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

      Grading % Breakdown            :         Drop Credit      :       16.79

 Ch 600-900# :                 75.28%:         Steer Dressing % :      63.56%

 Ch 600-750# :                 25.96%:         Heifer Dressing %:      63.49%

 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 = 236.92                       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   $224.74   $238.41   $252.24   $247.90   $228.57

 Certified 1-3         4.66   $214.08   $227.75   $241.58   $237.24   $217.91

 Choice 1              3.25   $212.67   $226.34   $240.17   $235.83   $216.50

 Select 1             -7.83   $201.59   $215.26   $229.09   $224.75   $205.42

 Stndrd 1-3          -23.71   $185.71   $199.38   $213.21   $208.87   $189.54

 Prime 4               3.33   $212.75   $226.42   $240.25   $235.91   $216.58

 Choice 4            -10.77   $198.65   $212.32   $226.15   $221.81   $202.48

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

*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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