Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Thu, Sep 11, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $237.01             $223.63

 Change =>                       0.09               -0.86

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

Current Index Reflects the Equivalent of 138,483 head of cattle.

SUPPLY (Live)  68,335 Hd

Equivalent:                   $234.49             $222.92

DEMAND (Box)   70,148 Hd*

Equivalent:                   $239.54             $224.35

Live-Box Spread:              ($5.05)             ($1.43)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $251.54

                  Weight   Price     Head      : Se 600-900#          $236.35

  Live Steer:          1417   $160.95    27,561: Current Lds:           173.2

  Live Heifer:         1261   $161.41    17,310: Previous Lds:          235.7

  Drsd Steer:           923   $249.95    15,515

  Drsd Heifer:          820   $251.11     7,949

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

      Grading % Breakdown            :         Drop Credit      :       16.73

 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 = 237.01                       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   $224.83   $238.50   $252.33   $247.99   $228.66

 Certified 1-3         4.66   $214.17   $227.84   $241.67   $237.33   $218.00

 Choice 1              3.25   $212.76   $226.43   $240.26   $235.92   $216.59

 Select 1             -7.83   $201.68   $215.35   $229.18   $224.84   $205.51

 Stndrd 1-3          -23.71   $185.80   $199.47   $213.30   $208.96   $189.63

 Prime 4               3.33   $212.84   $226.51   $240.34   $236.00   $216.67

 Choice 4            -10.77   $198.74   $212.41   $226.24   $221.90   $202.57

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

*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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