Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Tue, Sep 23, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $228.27             $214.74

 Change =>                      -1.90               -0.57

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

Current Index Reflects the Equivalent of 115,663 head of cattle.

SUPPLY (Live)  41,330 Hd

Equivalent:                   $229.38             $214.20

DEMAND (Box)   74,333 Hd*

Equivalent:                   $227.17             $215.29

Live-Box Spread:               $2.21              ($1.09)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $239.17

                  Weight   Price     Head      : Se 600-900#          $227.29

  Live Steer:          1424   $156.66    13,921: Current Lds:           233.0

  Live Heifer:         1271   $157.23     7,189: Previous Lds:          161.3

  Drsd Steer:           926   $244.72    12,339

  Drsd Heifer:          812   $246.27     7,881

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

      Grading % Breakdown            :         Drop Credit      :       16.46

 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 = 228.27                       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   $216.09   $229.76   $243.59   $239.25   $219.92

 Certified 1-3         4.66   $205.43   $219.10   $232.93   $228.59   $209.26

 Choice 1              3.25   $204.02   $217.69   $231.52   $227.18   $207.85

 Select 1            -11.46   $189.31   $202.98   $216.81   $212.47   $193.14

 Stndrd 1-3          -25.28   $175.49   $189.16   $202.99   $198.65   $179.32

 Prime 4               3.33   $204.10   $217.77   $231.60   $227.26   $207.93

 Choice 4            -10.77   $190.00   $203.67   $217.50   $213.16   $193.83

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

*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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