Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Fri, Sep 19, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $233.06             $219.48

 Change =>                      -0.51               -1.16

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

Current Index Reflects the Equivalent of 126,752 head of cattle.

SUPPLY (Live)  57,330 Hd

Equivalent:                   $234.42             $221.35

DEMAND (Box)   69,422 Hd*

Equivalent:                   $231.71             $217.61

Live-Box Spread:               $2.71               $3.74

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $243.71

                  Weight   Price     Head      : Se 600-900#          $229.61

  Live Steer:          1425   $160.88    22,565: Current Lds:           139.7

  Live Heifer:         1289   $161.07    16,210: Previous Lds:          220.5

  Drsd Steer:           924   $248.81    13,377

  Drsd Heifer:          831   $248.68     5,178

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

      Grading % Breakdown            :         Drop Credit      :       16.51

 Ch 600-900# :                 75.46%:         Steer Dressing % :      63.67%

 Ch 600-750# :                 25.20%:         Heifer Dressing %:      63.52%

 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 = 233.06                       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   $220.88   $234.55   $248.38   $244.04   $224.71

 Certified 1-3         4.66   $210.22   $223.89   $237.72   $233.38   $214.05

 Choice 1              3.25   $208.81   $222.48   $236.31   $231.97   $212.64

 Select 1             -9.33   $196.23   $209.90   $223.73   $219.39   $200.06

 Stndrd 1-3          -24.42   $181.14   $194.81   $208.64   $204.30   $184.97

 Prime 4               3.33   $208.89   $222.56   $236.39   $232.05   $212.72

 Choice 4            -10.77   $194.79   $208.46   $222.29   $217.95   $198.62

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

*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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