Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Tue, Sep 30, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $227.93             $214.61

 Change =>                      -0.01               -0.21

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

Current Index Reflects the Equivalent of 110,837 head of cattle.

SUPPLY (Live)  28,844 Hd

Equivalent:                   $229.82             $214.77

DEMAND (Box)   81,993 Hd*

Equivalent:                   $226.03             $214.45

Live-Box Spread:               $3.79               $0.32

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $238.03

                  Weight   Price     Head      : Se 600-900#          $226.45

  Live Steer:          1441   $156.39    10,928: Current Lds:           251.2

  Live Heifer:         1302   $157.40     5,722: Previous Lds:          171.8

  Drsd Steer:           922   $245.92     7,489

  Drsd Heifer:          836   $245.79     4,705

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

      Grading % Breakdown            :         Drop Credit      :       16.46

 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 = 227.93                       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   $215.75   $229.42   $243.25   $238.91   $219.58

 Certified 1-3         4.66   $205.09   $218.76   $232.59   $228.25   $208.92

 Choice 1              3.25   $203.68   $217.35   $231.18   $226.84   $207.51

 Select 1            -11.33   $189.10   $202.77   $216.60   $212.26   $192.93

 Stndrd 1-3          -25.28   $175.15   $188.82   $202.65   $198.31   $178.98

 Prime 4               3.33   $203.76   $217.43   $231.26   $226.92   $207.59

 Choice 4            -10.77   $189.66   $203.33   $217.16   $212.82   $193.49

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

*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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