Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Mon, Sep 22, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $230.17             $215.31

 Change =>                      -2.89               -4.17

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

Current Index Reflects the Equivalent of 111,927 head of cattle.

SUPPLY (Live)  41,471 Hd

Equivalent:                   $229.32             $214.14

DEMAND (Box)   70,456 Hd*

Equivalent:                   $231.02             $216.47

Live-Box Spread:              ($1.70)             ($2.33)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $243.02

                  Weight   Price     Head      : Se 600-900#          $228.47

  Live Steer:          1424   $156.68    14,060: Current Lds:           161.3

  Live Heifer:         1271   $157.26     7,231: Previous Lds:          139.7

  Drsd Steer:           926   $244.72    12,339

  Drsd Heifer:          812   $246.28     7,841

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

      Grading % Breakdown            :         Drop Credit      :       16.51

 Ch 600-900# :                 76.13%:         Steer Dressing % :      63.47%

 Ch 600-750# :                 26.33%:         Heifer Dressing %:      63.53%

 Ch 750-900# :                 49.79%:         Processing Cost  :       12.00

 Se 600-900# :                 23.87%:         Slaughter Cost   :       50.50

 Se 600-750# :                  6.46%:

 Se 750-900# :                 17.41%:

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

 Equivalent Values for Outlying Beef Carcass Types

 Basis Value = 230.17                       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   $217.99   $231.66   $245.49   $241.15   $221.82

 Certified 1-3         4.66   $207.33   $221.00   $234.83   $230.49   $211.16

 Choice 1              3.25   $205.92   $219.59   $233.42   $229.08   $209.75

 Select 1            -11.46   $191.21   $204.88   $218.71   $214.37   $195.04

 Stndrd 1-3          -25.28   $177.39   $191.06   $204.89   $200.55   $181.22

 Prime 4               3.33   $206.00   $219.67   $233.50   $229.16   $209.83

 Choice 4            -10.77   $191.90   $205.57   $219.40   $215.06   $195.73

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

*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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