Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Wed, Oct 01, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $228.06             $215.06

 Change =>                       0.13                0.45

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

Current Index Reflects the Equivalent of 107,954 head of cattle.

SUPPLY (Live)  28,245 Hd

Equivalent:                   $229.98             $214.93

DEMAND (Box)   79,709 Hd*

Equivalent:                   $226.14             $215.18

Live-Box Spread:               $3.84              ($0.25)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $238.14

                  Weight   Price     Head      : Se 600-900#          $227.18

  Live Steer:          1442   $156.54    10,509: Current Lds:           250.9

  Live Heifer:         1302   $157.40     5,722: Previous Lds:          251.2

  Drsd Steer:           922   $245.97     7,389

  Drsd Heifer:          837   $245.82     4,625

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

      Grading % Breakdown            :         Drop Credit      :       16.43

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

 Ch 600-750# :                 24.05%:         Heifer Dressing %:      63.58%

 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 = 228.06                       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   $215.88   $229.55   $243.38   $239.04   $219.71

 Certified 1-3         4.66   $205.22   $218.89   $232.72   $228.38   $209.05

 Choice 1              3.25   $203.81   $217.48   $231.31   $226.97   $207.64

 Select 1            -11.33   $189.23   $202.90   $216.73   $212.39   $193.06

 Stndrd 1-3          -25.28   $175.28   $188.95   $202.78   $198.44   $179.11

 Prime 4               3.33   $203.89   $217.56   $231.39   $227.05   $207.72

 Choice 4            -10.77   $189.79   $203.46   $217.29   $212.95   $193.62

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

*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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