Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Wed, Oct 22, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $239.66             $225.36

 Change =>                       0.56                0.05

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

Current Index Reflects the Equivalent of 123,978 head of cattle.

SUPPLY (Live)  69,352 Hd

Equivalent:                   $240.31             $227.66

DEMAND (Box)   54,626 Hd*

Equivalent:                   $239.00             $223.07

Live-Box Spread:               $1.31               $4.59

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $251.00

                  Weight   Price     Head      : Se 600-900#          $235.07

  Live Steer:          1424   $163.67    27,357: Current Lds:           233.3

  Live Heifer:         1294   $163.90    16,288: Previous Lds:          135.9

  Drsd Steer:           932   $257.68    15,400

  Drsd Heifer:          846   $257.72    10,307

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

      Grading % Breakdown            :         Drop Credit      :       16.45

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

 Ch 600-750# :                 26.81%:         Heifer Dressing %:      63.48%

 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 = 239.66                       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   $227.55   $241.22   $255.05   $250.71   $231.38

 Certified 1-3         5.00   $217.16   $230.83   $244.66   $240.32   $220.99

 Choice 1              3.25   $215.41   $229.08   $242.91   $238.57   $219.24

 Select 1             -8.92   $203.24   $216.91   $230.74   $226.40   $207.07

 Stndrd 1-3          -24.35   $187.81   $201.48   $215.31   $210.97   $191.64

 Prime 4               3.40   $215.56   $229.23   $243.06   $238.72   $219.39

 Choice 4            -10.77   $201.39   $215.06   $228.89   $224.55   $205.22

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

*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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