Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Fri, Oct 10, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $236.83             $223.26

 Change =>                       1.29                0.94

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

Current Index Reflects the Equivalent of 182,345 head of cattle.

SUPPLY (Live)  115,696 Hd

Equivalent:                   $238.00             $223.77

DEMAND (Box)   66,649 Hd*

Equivalent:                   $235.67             $222.74

Live-Box Spread:               $2.33               $1.03

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $247.67

                  Weight   Price     Head      : Se 600-900#          $234.74

  Live Steer:          1429   $161.74    49,941: Current Lds:           127.0

  Live Heifer:         1278   $161.88    24,403: Previous Lds:          197.2

  Drsd Steer:           928   $254.21    27,385

  Drsd Heifer:          818   $254.92    13,967

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

      Grading % Breakdown            :         Drop Credit      :       16.37

 Ch 600-900# :                 76.01%:         Steer Dressing % :      63.42%

 Ch 600-750# :                 24.14%:         Heifer Dressing %:      63.44%

 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 = 236.83                       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   $224.65   $238.32   $252.15   $247.81   $228.48

 Certified 1-3         4.66   $213.99   $227.66   $241.49   $237.15   $217.82

 Choice 1              3.25   $212.58   $226.25   $240.08   $235.74   $216.41

 Select 1            -10.50   $198.83   $212.50   $226.33   $221.99   $202.66

 Stndrd 1-3          -25.14   $184.19   $197.86   $211.69   $207.35   $188.02

 Prime 4               3.33   $212.66   $226.33   $240.16   $235.82   $216.49

 Choice 4            -10.77   $198.56   $212.23   $226.06   $221.72   $202.39

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

*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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