Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Thu, Oct 09, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $235.54             $222.32

 Change =>                       0.25                0.18

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

Current Index Reflects the Equivalent of 143,456 head of cattle.

SUPPLY (Live)  73,778 Hd

Equivalent:                   $236.02             $221.79

DEMAND (Box)   69,678 Hd*

Equivalent:                   $235.06             $222.85

Live-Box Spread:               $0.96              ($1.06)

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $247.06

                  Weight   Price     Head      : Se 600-900#          $234.85

  Live Steer:          1434   $160.50    31,648: Current Lds:           197.2

  Live Heifer:         1291   $161.03    15,837: Previous Lds:          227.7

  Drsd Steer:           929   $251.86    17,433

  Drsd Heifer:          813   $253.30     8,860

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

      Grading % Breakdown            :         Drop Credit      :       16.37

 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 = 235.54                       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   $223.36   $237.03   $250.86   $246.52   $227.19

 Certified 1-3         4.66   $212.70   $226.37   $240.20   $235.86   $216.53

 Choice 1              3.25   $211.29   $224.96   $238.79   $234.45   $215.12

 Select 1            -10.50   $197.54   $211.21   $225.04   $220.70   $201.37

 Stndrd 1-3          -25.14   $182.90   $196.57   $210.40   $206.06   $186.73

 Prime 4               3.33   $211.37   $225.04   $238.87   $234.53   $215.20

 Choice 4            -10.77   $197.27   $210.94   $224.77   $220.43   $201.10

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

*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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