Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Tue, Oct 14, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $239.17             $225.85

 Change =>                       0.59               -0.13

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

Current Index Reflects the Equivalent of 161,047 head of cattle.

SUPPLY (Live)  97,745 Hd

Equivalent:                   $240.93             $227.62

DEMAND (Box)   63,302 Hd*

Equivalent:                   $237.41             $224.08

Live-Box Spread:               $3.52               $3.54

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $249.41

                  Weight   Price     Head      : Se 600-900#          $236.08

  Live Steer:          1432   $163.77    39,026: Current Lds:           141.5

  Live Heifer:         1303   $164.07    22,055: Previous Lds:          150.7

  Drsd Steer:           929   $257.76    23,948

  Drsd Heifer:          824   $258.57    12,716

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

      Grading % Breakdown            :         Drop Credit      :       16.43

 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 = 239.17                       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   $227.06   $240.73   $254.56   $250.22   $230.89

 Certified 1-3         4.66   $216.33   $230.00   $243.83   $239.49   $220.16

 Choice 1              3.25   $214.92   $228.59   $242.42   $238.08   $218.75

 Select 1             -9.58   $202.09   $215.76   $229.59   $225.25   $205.92

 Stndrd 1-3          -24.35   $187.32   $200.99   $214.82   $210.48   $191.15

 Prime 4               3.40   $215.07   $228.74   $242.57   $238.23   $218.90

 Choice 4            -10.77   $200.90   $214.57   $228.40   $224.06   $204.73

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

*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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