Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Mon, Oct 06, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $232.73             $219.62

 Change =>                       4.14                4.54

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

Current Index Reflects the Equivalent of 154,122 head of cattle.

SUPPLY (Live)  73,714 Hd

Equivalent:                   $236.09             $221.87

DEMAND (Box)   80,408 Hd*

Equivalent:                   $229.36             $217.38

Live-Box Spread:               $6.73               $4.49

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $241.36

                  Weight   Price     Head      : Se 600-900#          $229.38

  Live Steer:          1432   $160.46    31,737: Current Lds:           167.3

  Live Heifer:         1290   $161.03    15,723: Previous Lds:          167.4

  Drsd Steer:           929   $251.86    17,394

  Drsd Heifer:          813   $253.30     8,860

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

      Grading % Breakdown            :         Drop Credit      :       16.31

 Ch 600-900# :                 76.01%:         Steer Dressing % :      63.47%

 Ch 600-750# :                 24.14%:         Heifer Dressing %:      63.47%

 Ch 750-900# :                 51.86%:         Processing Cost  :       12.00

 Se 600-900# :                 23.99%:         Slaughter Cost   :       50.50

 Se 600-750# :                  4.93%:

 Se 750-900# :                 19.07%:

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

 Equivalent Values for Outlying Beef Carcass Types

 Basis Value = 232.73                       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   $220.55   $234.22   $248.05   $243.71   $224.38

 Certified 1-3         4.66   $209.89   $223.56   $237.39   $233.05   $213.72

 Choice 1              3.25   $208.48   $222.15   $235.98   $231.64   $212.31

 Select 1            -10.50   $194.73   $208.40   $222.23   $217.89   $198.56

 Stndrd 1-3          -25.14   $180.09   $193.76   $207.59   $203.25   $183.92

 Prime 4               3.33   $208.56   $222.23   $236.06   $231.72   $212.39

 Choice 4            -10.77   $194.46   $208.13   $221.96   $217.62   $198.29

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

*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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