Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Mon, Sep 29, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $227.94             $214.82

 Change =>                       0.43                0.99

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

Current Index Reflects the Equivalent of 109,550 head of cattle.

SUPPLY (Live)  28,926 Hd

Equivalent:                   $229.87             $214.81

DEMAND (Box)   80,624 Hd*

Equivalent:                   $226.02             $214.83

Live-Box Spread:               $3.85              ($0.02)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $238.02

                  Weight   Price     Head      : Se 600-900#          $226.83

  Live Steer:          1441   $156.39    10,928: Current Lds:           171.8

  Live Heifer:         1301   $157.39     5,764: Previous Lds:          184.7

  Drsd Steer:           922   $245.92     7,489

  Drsd Heifer:          836   $245.77     4,745

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

      Grading % Breakdown            :         Drop Credit      :       16.43

 Ch 600-900# :                 75.72%:         Steer Dressing % :      63.56%

 Ch 600-750# :                 24.05%:         Heifer Dressing %:      63.59%

 Ch 750-900# :                 51.67%:         Processing Cost  :       12.00

 Se 600-900# :                 24.28%:         Slaughter Cost   :       50.50

 Se 600-750# :                  4.99%:

 Se 750-900# :                 19.29%:

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

 Equivalent Values for Outlying Beef Carcass Types

 Basis Value = 227.94                       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   $215.76   $229.43   $243.26   $238.92   $219.59

 Certified 1-3         4.66   $205.10   $218.77   $232.60   $228.26   $208.93

 Choice 1              3.25   $203.69   $217.36   $231.19   $226.85   $207.52

 Select 1            -11.33   $189.11   $202.78   $216.61   $212.27   $192.94

 Stndrd 1-3          -25.28   $175.16   $188.83   $202.66   $198.32   $178.99

 Prime 4               3.33   $203.77   $217.44   $231.27   $226.93   $207.60

 Choice 4            -10.77   $189.67   $203.34   $217.17   $212.83   $193.50

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

*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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