Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Fri, Oct 17, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $239.16             $225.31

 Change =>                       0.14               -0.05

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

Current Index Reflects the Equivalent of 179,052 head of cattle.

SUPPLY (Live)  122,893 Hd

Equivalent:                   $241.16             $227.85

DEMAND (Box)   56,159 Hd*

Equivalent:                   $237.16             $222.78

Live-Box Spread:               $4.00               $5.07

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $249.16

                  Weight   Price     Head      : Se 600-900#          $234.78

  Live Steer:          1432   $163.81    45,422: Current Lds:           104.8

  Live Heifer:         1311   $164.17    30,284: Previous Lds:          139.3

  Drsd Steer:           934   $257.74    28,877

  Drsd Heifer:          836   $258.31    18,310

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

      Grading % Breakdown            :         Drop Credit      :       16.25

 Ch 600-900# :                 75.29%:         Steer Dressing % :      63.52%

 Ch 600-750# :                 24.62%:         Heifer Dressing %:      63.51%

 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 = 239.16                       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   $227.05   $240.72   $254.55   $250.21   $230.88

 Certified 1-3         4.66   $216.32   $229.99   $243.82   $239.48   $220.15

 Choice 1              3.25   $214.91   $228.58   $242.41   $238.07   $218.74

 Select 1             -9.58   $202.08   $215.75   $229.58   $225.24   $205.91

 Stndrd 1-3          -24.35   $187.31   $200.98   $214.81   $210.47   $191.14

 Prime 4               3.40   $215.06   $228.73   $242.56   $238.22   $218.89

 Choice 4            -10.77   $200.89   $214.56   $228.39   $224.05   $204.72

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

*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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