Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Wed, Sep 24, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $228.21             $214.21

 Change =>                      -0.06               -0.53

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

Current Index Reflects the Equivalent of 119,579 head of cattle.

SUPPLY (Live)  41,889 Hd

Equivalent:                   $229.29             $214.11

DEMAND (Box)   77,690 Hd*

Equivalent:                   $227.13             $214.31

Live-Box Spread:               $2.16              ($0.20)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $239.13

                  Weight   Price     Head      : Se 600-900#          $226.31

  Live Steer:          1425   $156.55    14,300: Current Lds:           281.3

  Live Heifer:         1271   $157.23     7,189: Previous Lds:          233.0

  Drsd Steer:           926   $244.71    12,439

  Drsd Heifer:          812   $246.25     7,961

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

      Grading % Breakdown            :         Drop Credit      :       16.47

 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 = 228.21                       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   $216.03   $229.70   $243.53   $239.19   $219.86

 Certified 1-3         4.66   $205.37   $219.04   $232.87   $228.53   $209.20

 Choice 1              3.25   $203.96   $217.63   $231.46   $227.12   $207.79

 Select 1            -11.46   $189.25   $202.92   $216.75   $212.41   $193.08

 Stndrd 1-3          -25.28   $175.43   $189.10   $202.93   $198.59   $179.26

 Prime 4               3.33   $204.04   $217.71   $231.54   $227.20   $207.87

 Choice 4            -10.77   $189.94   $203.61   $217.44   $213.10   $193.77

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

*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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