Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Fri, Sep 12, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $236.62             $223.14

 Change =>                      -0.39               -0.49

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

Current Index Reflects the Equivalent of 123,783 head of cattle.

SUPPLY (Live)  54,724 Hd

Equivalent:                   $235.31             $223.74

DEMAND (Box)   69,059 Hd*

Equivalent:                   $237.93             $222.54

Live-Box Spread:              ($2.62)              $1.20

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $249.93

                  Weight   Price     Head      : Se 600-900#          $234.54

  Live Steer:          1419   $161.44    22,224: Current Lds:           173.8

  Live Heifer:         1264   $161.63    15,767: Previous Lds:          173.2

  Drsd Steer:           907   $249.83     9,277

  Drsd Heifer:          798   $251.93     7,456

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

      Grading % Breakdown            :         Drop Credit      :       16.70

 Ch 600-900# :                 75.28%:         Steer Dressing % :      63.51%

 Ch 600-750# :                 25.96%:         Heifer Dressing %:      63.53%

 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 = 236.62                       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   $224.44   $238.11   $251.94   $247.60   $228.27

 Certified 1-3         4.66   $213.78   $227.45   $241.28   $236.94   $217.61

 Choice 1              3.25   $212.37   $226.04   $239.87   $235.53   $216.20

 Select 1             -7.83   $201.29   $214.96   $228.79   $224.45   $205.12

 Stndrd 1-3          -23.71   $185.41   $199.08   $212.91   $208.57   $189.24

 Prime 4               3.33   $212.45   $226.12   $239.95   $235.61   $216.28

 Choice 4            -10.77   $198.35   $212.02   $225.85   $221.51   $202.18

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

*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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