Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Wed, Oct 08, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $235.29             $222.14

 Change =>                       1.37                1.14

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

Current Index Reflects the Equivalent of 146,567 head of cattle.

SUPPLY (Live)  74,034 Hd

Equivalent:                   $236.02             $221.79

DEMAND (Box)   72,533 Hd*

Equivalent:                   $234.55             $222.48

Live-Box Spread:               $1.47              ($0.69)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $246.55

                  Weight   Price     Head      : Se 600-900#          $234.48

  Live Steer:          1432   $160.46    31,907: Current Lds:           227.7

  Live Heifer:         1291   $161.03    15,837: Previous Lds:          171.4

  Drsd Steer:           929   $251.84    17,430

  Drsd Heifer:          813   $253.30     8,860

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

      Grading % Breakdown            :         Drop Credit      :       16.35

 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 = 235.29                       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   $223.11   $236.78   $250.61   $246.27   $226.94

 Certified 1-3         4.66   $212.45   $226.12   $239.95   $235.61   $216.28

 Choice 1              3.25   $211.04   $224.71   $238.54   $234.20   $214.87

 Select 1            -10.50   $197.29   $210.96   $224.79   $220.45   $201.12

 Stndrd 1-3          -25.14   $182.65   $196.32   $210.15   $205.81   $186.48

 Prime 4               3.33   $211.12   $224.79   $238.62   $234.28   $214.95

 Choice 4            -10.77   $197.02   $210.69   $224.52   $220.18   $200.85

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

*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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