Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Thu, Sep 18, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $233.57             $220.64

 Change =>                      -0.54               -0.14

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

Current Index Reflects the Equivalent of 135,253 head of cattle.

SUPPLY (Live)  63,278 Hd

Equivalent:                   $234.25             $221.19

DEMAND (Box)   71,975 Hd*

Equivalent:                   $232.88             $220.09

Live-Box Spread:               $1.37               $1.10

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $244.88

                  Weight   Price     Head      : Se 600-900#          $232.09

  Live Steer:          1426   $160.75    23,917: Current Lds:           220.5

  Live Heifer:         1287   $161.23    16,396: Previous Lds:          236.5

  Drsd Steer:           923   $249.12    15,425

  Drsd Heifer:          811   $250.34     7,540

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

      Grading % Breakdown            :         Drop Credit      :       16.58

 Ch 600-900# :                 75.46%:         Steer Dressing % :      63.70%

 Ch 600-750# :                 25.20%:         Heifer Dressing %:      63.64%

 Ch 750-900# :                 50.27%:         Processing Cost  :       12.00

 Se 600-900# :                 24.54%:         Slaughter Cost   :       50.50

 Se 600-750# :                  6.00%:

 Se 750-900# :                 18.53%:

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

 Equivalent Values for Outlying Beef Carcass Types

 Basis Value = 233.57                       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   $221.39   $235.06   $248.89   $244.55   $225.22

 Certified 1-3         4.66   $210.73   $224.40   $238.23   $233.89   $214.56

 Choice 1              3.25   $209.32   $222.99   $236.82   $232.48   $213.15

 Select 1             -9.33   $196.74   $210.41   $224.24   $219.90   $200.57

 Stndrd 1-3          -24.42   $181.65   $195.32   $209.15   $204.81   $185.48

 Prime 4               3.33   $209.40   $223.07   $236.90   $232.56   $213.23

 Choice 4            -10.77   $195.30   $208.97   $222.80   $218.46   $199.13

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

*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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