Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Thu, Sep 25, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $228.17             $213.70

 Change =>                      -0.04               -0.51

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

Current Index Reflects the Equivalent of 118,848 head of cattle.

SUPPLY (Live)  42,385 Hd

Equivalent:                   $229.23             $214.05

DEMAND (Box)   76,463 Hd*

Equivalent:                   $227.11             $213.34

Live-Box Spread:               $2.12               $0.71

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $239.11

                  Weight   Price     Head      : Se 600-900#          $225.34

  Live Steer:          1426   $156.53    14,397: Current Lds:           204.2

  Live Heifer:         1271   $157.15     7,352: Previous Lds:          281.3

  Drsd Steer:           927   $244.68    12,276

  Drsd Heifer:          813   $246.05     8,360

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

      Grading % Breakdown            :         Drop Credit      :       16.47

 Ch 600-900# :                 76.13%:         Steer Dressing % :      63.46%

 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 = 228.17                       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   $215.99   $229.66   $243.49   $239.15   $219.82

 Certified 1-3         4.66   $205.33   $219.00   $232.83   $228.49   $209.16

 Choice 1              3.25   $203.92   $217.59   $231.42   $227.08   $207.75

 Select 1            -11.46   $189.21   $202.88   $216.71   $212.37   $193.04

 Stndrd 1-3          -25.28   $175.39   $189.06   $202.89   $198.55   $179.22

 Prime 4               3.33   $204.00   $217.67   $231.50   $227.16   $207.83

 Choice 4            -10.77   $189.90   $203.57   $217.40   $213.06   $193.73

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

*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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