Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Fri, Sep 26, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $227.51             $213.83

 Change =>                      -0.66                0.13

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

Current Index Reflects the Equivalent of 120,553 head of cattle.

SUPPLY (Live)  40,716 Hd

Equivalent:                   $229.36             $214.18

DEMAND (Box)   79,837 Hd*

Equivalent:                   $225.66             $213.48

Live-Box Spread:               $3.70               $0.70

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $237.66

                  Weight   Price     Head      : Se 600-900#          $225.48

  Live Steer:          1423   $156.45    14,575: Current Lds:           184.7

  Live Heifer:         1259   $157.44     6,790: Previous Lds:          204.2

  Drsd Steer:           929   $244.63    11,695

  Drsd Heifer:          812   $246.08     7,656

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

      Grading % Breakdown            :         Drop Credit      :       16.42

 Ch 600-900# :                 76.13%:         Steer Dressing % :      63.44%

 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 = 227.51                       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   $215.33   $229.00   $242.83   $238.49   $219.16

 Certified 1-3         4.66   $204.67   $218.34   $232.17   $227.83   $208.50

 Choice 1              3.25   $203.26   $216.93   $230.76   $226.42   $207.09

 Select 1            -11.46   $188.55   $202.22   $216.05   $211.71   $192.38

 Stndrd 1-3          -25.28   $174.73   $188.40   $202.23   $197.89   $178.56

 Prime 4               3.33   $203.34   $217.01   $230.84   $226.50   $207.17

 Choice 4            -10.77   $189.24   $202.91   $216.74   $212.40   $193.07

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

*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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