Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Thu, Oct 23, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $239.08             $224.81

 Change =>                      -0.58               -0.55

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

Current Index Reflects the Equivalent of 73,607 head of cattle.

SUPPLY (Live)  12,876 Hd

Equivalent:                   $240.72             $228.07

DEMAND (Box)   60,731 Hd*

Equivalent:                   $237.43             $221.54

Live-Box Spread:               $3.29               $6.53

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $249.43

                  Weight   Price     Head      : Se 600-900#          $233.54

  Live Steer:          1421   $163.77     5,640: Current Lds:           220.7

  Live Heifer:         1326   $163.73     3,273: Previous Lds:          233.3

  Drsd Steer:           916   $257.72     2,136

  Drsd Heifer:          839   $257.13     1,827

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

      Grading % Breakdown            :         Drop Credit      :       16.48

 Ch 600-900# :                 75.39%:         Steer Dressing % :      63.25%

 Ch 600-750# :                 26.81%:         Heifer Dressing %:      63.29%

 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 = 239.08                       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   $226.97   $240.64   $254.47   $250.13   $230.80

 Certified 1-3         5.00   $216.58   $230.25   $244.08   $239.74   $220.41

 Choice 1              3.25   $214.83   $228.50   $242.33   $237.99   $218.66

 Select 1             -8.92   $202.66   $216.33   $230.16   $225.82   $206.49

 Stndrd 1-3          -24.35   $187.23   $200.90   $214.73   $210.39   $191.06

 Prime 4               3.40   $214.98   $228.65   $242.48   $238.14   $218.81

 Choice 4            -10.77   $200.81   $214.48   $228.31   $223.97   $204.64

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

*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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