Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Thu, Oct 16, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $239.02             $225.36

 Change =>                      -0.73               -0.21

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

Current Index Reflects the Equivalent of 216,037 head of cattle.

SUPPLY (Live)  158,213 Hd

Equivalent:                   $241.12             $227.81

DEMAND (Box)   57,824 Hd*

Equivalent:                   $236.92             $222.92

Live-Box Spread:               $4.20               $4.89

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $248.92

                  Weight   Price     Head      : Se 600-900#          $234.92

  Live Steer:          1429   $163.74    62,267: Current Lds:           139.3

  Live Heifer:         1296   $164.01    36,178: Previous Lds:          212.5

  Drsd Steer:           931   $257.75    37,909

  Drsd Heifer:          834   $258.26    21,859

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

      Grading % Breakdown            :         Drop Credit      :       16.24

 Ch 600-900# :                 75.29%:         Steer Dressing % :      63.48%

 Ch 600-750# :                 24.62%:         Heifer Dressing %:      63.50%

 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 = 239.02                       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   $226.91   $240.58   $254.41   $250.07   $230.74

 Certified 1-3         4.66   $216.18   $229.85   $243.68   $239.34   $220.01

 Choice 1              3.25   $214.77   $228.44   $242.27   $237.93   $218.60

 Select 1             -9.58   $201.94   $215.61   $229.44   $225.10   $205.77

 Stndrd 1-3          -24.35   $187.17   $200.84   $214.67   $210.33   $191.00

 Prime 4               3.40   $214.92   $228.59   $242.42   $238.08   $218.75

 Choice 4            -10.77   $200.75   $214.42   $228.25   $223.91   $204.58

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

*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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