Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Tue, Oct 21, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $239.10             $225.31

 Change =>                      -0.11               -0.24

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

Current Index Reflects the Equivalent of 125,597 head of cattle.

SUPPLY (Live)  72,532 Hd

Equivalent:                   $240.35             $227.70

DEMAND (Box)   53,065 Hd*

Equivalent:                   $237.84             $222.93

Live-Box Spread:               $2.51               $4.77

----------------------------  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#          $234.93

  Live Steer:          1427   $163.64    28,448: Current Lds:           135.9

  Live Heifer:         1293   $163.86    17,185: Previous Lds:          115.0

  Drsd Steer:           933   $257.69    16,005

  Drsd Heifer:          846   $257.74    10,894

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

      Grading % Breakdown            :         Drop Credit      :       16.40

 Ch 600-900# :                 75.39%:         Steer Dressing % :      63.47%

 Ch 600-750# :                 26.81%:         Heifer Dressing %:      63.49%

 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 = 239.10                       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   $226.99   $240.66   $254.49   $250.15   $230.82

 Certified 1-3         5.00   $216.60   $230.27   $244.10   $239.76   $220.43

 Choice 1              3.25   $214.85   $228.52   $242.35   $238.01   $218.68

 Select 1             -8.92   $202.68   $216.35   $230.18   $225.84   $206.51

 Stndrd 1-3          -24.35   $187.25   $200.92   $214.75   $210.41   $191.08

 Prime 4               3.40   $215.00   $228.67   $242.50   $238.16   $218.83

 Choice 4            -10.77   $200.83   $214.50   $228.33   $223.99   $204.66

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

*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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