Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Thu, Oct 02, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $228.27             $215.18

 Change =>                       0.21                0.12

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

Current Index Reflects the Equivalent of 110,055 head of cattle.

SUPPLY (Live)  28,014 Hd

Equivalent:                   $230.08             $215.03

DEMAND (Box)   82,041 Hd*

Equivalent:                   $226.45             $215.33

Live-Box Spread:               $3.63              ($0.30)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $238.45

                  Weight   Price     Head      : Se 600-900#          $227.33

  Live Steer:          1438   $156.62    10,803: Current Lds:           235.3

  Live Heifer:         1303   $157.50     5,559: Previous Lds:          250.9

  Drsd Steer:           921   $245.99     7,426

  Drsd Heifer:          837   $246.18     4,226

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

      Grading % Breakdown            :         Drop Credit      :       16.45

 Ch 600-900# :                 75.72%:         Steer Dressing % :      63.57%

 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 = 228.27                       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   $216.09   $229.76   $243.59   $239.25   $219.92

 Certified 1-3         4.66   $205.43   $219.10   $232.93   $228.59   $209.26

 Choice 1              3.25   $204.02   $217.69   $231.52   $227.18   $207.85

 Select 1            -11.33   $189.44   $203.11   $216.94   $212.60   $193.27

 Stndrd 1-3          -25.28   $175.49   $189.16   $202.99   $198.65   $179.32

 Prime 4               3.33   $204.10   $217.77   $231.60   $227.26   $207.93

 Choice 4            -10.77   $190.00   $203.67   $217.50   $213.16   $193.83

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

*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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