Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Wed, Oct 15, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $239.75             $225.57

 Change =>                       0.58               -0.28

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

Current Index Reflects the Equivalent of 163,487 head of cattle.

SUPPLY (Live)  101,323 Hd

Equivalent:                   $241.02             $227.71

DEMAND (Box)   62,164 Hd*

Equivalent:                   $238.49             $223.44

Live-Box Spread:               $2.53               $4.27

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $250.49

                  Weight   Price     Head      : Se 600-900#          $235.44

  Live Steer:          1432   $163.75    40,362: Current Lds:           212.5

  Live Heifer:         1302   $164.04    23,029: Previous Lds:          141.5

  Drsd Steer:           930   $257.77    24,553

  Drsd Heifer:          825   $258.53    13,379

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

      Grading % Breakdown            :         Drop Credit      :       16.36

 Ch 600-900# :                 75.29%:         Steer Dressing % :      63.47%

 Ch 600-750# :                 24.62%:         Heifer Dressing %:      63.48%

 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 = 239.75                       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   $227.64   $241.31   $255.14   $250.80   $231.47

 Certified 1-3         4.66   $216.91   $230.58   $244.41   $240.07   $220.74

 Choice 1              3.25   $215.50   $229.17   $243.00   $238.66   $219.33

 Select 1             -9.58   $202.67   $216.34   $230.17   $225.83   $206.50

 Stndrd 1-3          -24.35   $187.90   $201.57   $215.40   $211.06   $191.73

 Prime 4               3.40   $215.65   $229.32   $243.15   $238.81   $219.48

 Choice 4            -10.77   $201.48   $215.15   $228.98   $224.64   $205.31

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

*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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