Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Fri, Oct 03, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $228.59             $215.08

 Change =>                       0.32               -0.10

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

Current Index Reflects the Equivalent of 110,713 head of cattle.

SUPPLY (Live)  29,969 Hd

Equivalent:                   $230.85             $215.80

DEMAND (Box)   80,744 Hd*

Equivalent:                   $226.32             $214.36

Live-Box Spread:               $4.53               $1.44

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $238.32

                  Weight   Price     Head      : Se 600-900#          $226.36

  Live Steer:          1446   $157.27    12,284: Current Lds:           167.4

  Live Heifer:         1306   $157.63     5,563: Previous Lds:          235.3

  Drsd Steer:           917   $246.33     8,036

  Drsd Heifer:          837   $246.32     4,086

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

      Grading % Breakdown            :         Drop Credit      :       16.31

 Ch 600-900# :                 75.72%:         Steer Dressing % :      63.55%

 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 = 228.59                       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   $216.41   $230.08   $243.91   $239.57   $220.24

 Certified 1-3         4.66   $205.75   $219.42   $233.25   $228.91   $209.58

 Choice 1              3.25   $204.34   $218.01   $231.84   $227.50   $208.17

 Select 1            -11.33   $189.76   $203.43   $217.26   $212.92   $193.59

 Stndrd 1-3          -25.28   $175.81   $189.48   $203.31   $198.97   $179.64

 Prime 4               3.33   $204.42   $218.09   $231.92   $227.58   $208.25

 Choice 4            -10.77   $190.32   $203.99   $217.82   $213.48   $194.15

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

*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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