Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Mon, Oct 20, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $239.21             $225.55

 Change =>                       0.05                0.24

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

Current Index Reflects the Equivalent of 126,402 head of cattle.

SUPPLY (Live)  72,916 Hd

Equivalent:                   $240.59             $227.93

DEMAND (Box)   53,486 Hd*

Equivalent:                   $237.84             $223.17

Live-Box Spread:               $2.75               $4.76

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $249.84

                  Weight   Price     Head      : Se 600-900#          $235.17

  Live Steer:          1427   $163.64    28,250: Current Lds:           115.0

  Live Heifer:         1293   $163.86    17,185: Previous Lds:          104.8

  Drsd Steer:           933   $257.70    16,311

  Drsd Heifer:          847   $257.75    11,170

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

      Grading % Breakdown            :         Drop Credit      :       16.24

 Ch 600-900# :                 75.39%:         Steer Dressing % :      63.48%

 Ch 600-750# :                 26.81%:         Heifer Dressing %:      63.50%

 Ch 750-900# :                 48.58%:         Processing Cost  :       12.00

 Se 600-900# :                 24.61%:         Slaughter Cost   :       50.50

 Se 600-750# :                  6.39%:

 Se 750-900# :                 18.22%:

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

 Equivalent Values for Outlying Beef Carcass Types

 Basis Value = 239.21                       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   $227.10   $240.77   $254.60   $250.26   $230.93

 Certified 1-3         5.00   $216.71   $230.38   $244.21   $239.87   $220.54

 Choice 1              3.25   $214.96   $228.63   $242.46   $238.12   $218.79

 Select 1             -8.92   $202.79   $216.46   $230.29   $225.95   $206.62

 Stndrd 1-3          -24.35   $187.36   $201.03   $214.86   $210.52   $191.19

 Prime 4               3.40   $215.11   $228.78   $242.61   $238.27   $218.94

 Choice 4            -10.77   $200.94   $214.61   $228.44   $224.10   $204.77

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

*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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