Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Mon, Oct 13, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $238.58             $225.98

 Change =>                       1.75                2.72

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

Current Index Reflects the Equivalent of 162,756 head of cattle.

SUPPLY (Live)  97,207 Hd

Equivalent:                   $240.86             $227.55

DEMAND (Box)   65,549 Hd*

Equivalent:                   $236.31             $224.41

Live-Box Spread:               $4.55               $3.14

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $248.31

                  Weight   Price     Head      : Se 600-900#          $236.41

  Live Steer:          1432   $163.75    39,152: Current Lds:           150.7

  Live Heifer:         1303   $164.07    22,055: Previous Lds:          127.0

  Drsd Steer:           929   $257.74    23,560

  Drsd Heifer:          822   $258.58    12,440

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

      Grading % Breakdown            :         Drop Credit      :       16.48

 Ch 600-900# :                 75.29%:         Steer Dressing % :      63.46%

 Ch 600-750# :                 24.62%:         Heifer Dressing %:      63.47%

 Ch 750-900# :                 50.67%:         Processing Cost  :       12.00

 Se 600-900# :                 24.71%:         Slaughter Cost   :       50.50

 Se 600-750# :                  5.85%:

 Se 750-900# :                 18.87%:

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

 Equivalent Values for Outlying Beef Carcass Types

 Basis Value = 238.58                       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            15.39   $226.47   $240.14   $253.97   $249.63   $230.30

 Certified 1-3         4.66   $215.74   $229.41   $243.24   $238.90   $219.57

 Choice 1              3.25   $214.33   $228.00   $241.83   $237.49   $218.16

 Select 1             -9.58   $201.50   $215.17   $229.00   $224.66   $205.33

 Stndrd 1-3          -24.35   $186.73   $200.40   $214.23   $209.89   $190.56

 Prime 4               3.40   $214.48   $228.15   $241.98   $237.64   $218.31

 Choice 4            -10.77   $200.31   $213.98   $227.81   $223.47   $204.14

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

*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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